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[Ethena Labs Plans to Allocate $250 Million to Securitize's STAC Fund] According to The Block, Ethena Labs will allocate $250 million to the tokenized AAA-rated CLO fund STAC launched by Securitize, which is now live on Solana. STAC was introduced through a collaboration between Securitize and BNY, investing in USD-denominated AAA-rated collateralized loan obligations. STAC currently manages $102 million in assets from four investors. Ethena Labs aims to diversify the collateral assets of USDe and USDtb through this allocation.