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Ethena Now Holds $1.29B of BlackRock’s BUIDL Tokens
- Ethena Labs minted $225M in BUIDL tokens, pushing its total holdings to $1.29 billion.
- Over 90% of USDe’s backing now comes from BlackRock’s tokenized BUIDL fund.
- Ethena is leveraging the tokenization trend in the market, aiming to bridge traditional finance and DeFi.
- Emirates NBD Bank has also partnered with BlackRock to provide access to alternative asset classes.
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