BlackRock and Ethena Labs: Aladdin to Be Added to USDe Support List; Securitize to Provide $100 Million in Liquidity Tools
Svmuu News: BlackRock and Ethena Labs have announced an expanded partnership. The Aladdin platform will add Ethena’s stablecoin, USDe, to its list of supported crypto assets and provide $100 million in liquidity tools through Securitize to serve BlackRock’s BUIDL fund. Under the new arrangement, eligible BUIDL clients can exchange BUIDL for stablecoins such as USDC and USDtb outside of regular trading hours, and can later redeem them back for BUIDL. USDe is a synthetic dollar that generates higher returns, unlike USDC and USDT, which are backed by fiat currency reserves. BUIDL currently has approximately $3 billion in locked assets.
Source:Odaily · Source Link
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