Ethena's USDe stablecoin joins BlackRock's Aladdin platform, boosting institutional access and lifting ENA token 12%.

BlackRock has integrated Ethena's synthetic dollar stablecoin USDe into its Aladdin investment platform, which manages over $20 trillion in assets. This move allows institutional investors like insurers and pension funds to access USDe within their existing portfolio and risk management systems. Following the announcement, Ethena's governance token ENA surged by up to 12%, outperforming the broader crypto market. The integration also expands BlackRock's collaboration with Ethena, including using BlackRock's tokenized money market fund BUIDL as a reserve asset and providing liquidity for tokenized products, signaling deeper ties and potential growth for USDe adoption among institutions.