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BlackRock’s BUIDL Fund Now Enables 24/7 Swaps with Ethena’s USDtb Stablecoin
- BlackRock's BUIDL Fund now allows 24/7 swaps with Ethena's USDtb stablecoin for qualified participants.
- Seamless, permissionless transfers are enabled, offering institutional access to tokenized U.S. Treasurys round-the-clock.
- Qualified participants can swap from BUIDL to Ethena Labs’ USDtb via the USDtb Liquidity Fund 24/7/365.
- Institutional investors and DeFi users can easily move capital between a tokenized Treasury product and a synthetic dollar stablecoin.
- BlackRock's BUIDL tokenized fund, launched in March 2024, has surpassed $2.88 billion TVL, attracting institutional capital.
- The integration with Ethena’s USDtb facilitates accessing and utilizing value within DeFi protocols and stablecoin settlements.
- This collaboration sets a new standard for onchain liquidity through atomic 24/7 swaps between stablecoins and tokenized assets.
- Blockchain technology is not just used for custody or settlement but also for programmable liquidity across asset classes by major institutions.
- The move signifies a blend of traditional capital markets with decentralized finance for a more efficient financial system.
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