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The Block: Securitize and Ethena Launch $100 Million BUIDL Liquidity Facility
According to The Block, Securitize and Ethena Labs have launched a 24/7 liquidity facility for accredited investors in BlackRock's BUIDL tokenized fund, enabling the redemption of fund shares for supported stablecoins such as USDC when traditional markets are closed. The facility has a total size of $100 million, with an initial liquidity of $50 million split equally between BUIDL and USDC, while the remaining $50 million can be made available within one hour of liquidity utilization. The facility was previously announced in June and is now officially live.
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