Ethena is the largest LP of BlackRock BUIDL Fund, with indirect holdings of approximately $1.3 billion

2025-04-25 05:56

According to Token Terminal data, approximately 90% of the assets of Ethena Labs' stablecoin USDtb are supported by its LP shares in the BlackRock BUIDL fund, indirectly becoming the fund's largest liquidity provider with a holding size of $1.3 billion.

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