BlackRock and Ethena Labs announced a deepened partnership, with BlackRock's institutional investment management platform Aladdin further supporting Ethena's stablecoin products, including USDe becoming one of the crypto assets supported by Aladdin. The two parties will also launch a $100 million liquidity mechanism through Securitize, supporting conversions between BlackRock's tokenized U.S. Treasury fund BUIDL and stablecoins such as USDC and USDtb, and allowing eligible clients to complete conversions between stablecoins and BUIDL during non-trading hours to enhance the interoperability of tokenized assets and digital dollars.

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Don'tLetTheContractScamMyMom.
· 9h ago
Traditional financial giants are finally entering the market seriously. This signal is stronger than any hype.
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GateUser-78b4adc8
· 11h ago
BUIDL has been integrated with USDC/USDe, and the liquidity problem of tokenized treasury bonds is essentially solved.
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SushiLatency
· 11h ago
100 million liquidity pool + non-trading period exchange, the threshold for institutions to play DeFi has been lowered by BlackRock itself.
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DaoBackbencher
· 11h ago
Wait, can you still exchange during non-trading hours? This is basically turning on a 24/7 dollar faucet for institutions.
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QuietRabbitInTheWoods
· 12h ago
Securitize won big this time, becoming the official toll booth between TradFi and Crypto.
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