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.
BlackRock, the world's largest asset manager, has integrated Ethena's yield-generating token USDe into its Aladdin investment platform, providing institutional clients access to onchain savings and settlement options. This move deepens BlackRock's en...
StablecoinX has merged with TLGY Acquisition Corp. and is now listed on Nasdaq under the ticker USDE, offering public investors direct exposure to Ethena's stablecoin infrastructure. The company holds about $275 million in Ethena governance tokens (E...
