Ethena is the largest LP of BlackRock BUIDL Fund with an indirect holding of approximately $1.3 billion
On April 25th, according to Token Terminal data, around 90% of the assets backing the stablecoin USDtb issued by Ethena Labs are supported by its LP shares in the BlackRock BUIDL Fund, indirectly making it the largest liquidity provider of the fund with a holding size of $1.3 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barcelona Football Club criticized for signing a $22 million sponsorship deal with crypto company ZKP
Swedish payment giant Klarna's first stablecoin, KlarnaUSD, has been launched ahead of schedule
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
Trending news
MoreCrypto prices
More
