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CryptoNewsZ 2026-06-29 18:07:09

BlackRock Opens $20T Door to Ethena’s Yielding USDe

On Monday, Ethena announced a partnership with BlackRock, which allows the company to integrate USDe into BlackRock’s Aladdin platform. According to the official announcement, BlackRock’s tokenized Treasury fund (BUIDL) will back Ethena’s white-label product along with a liquidity facility on BlackRock’s tokenized products. The liquidity pool will allow investors to swap between BUIDL and stablecoins like USDe even outside normal banking hours. On June 29, Ethena, a leading stablecoin issuer behind USDe, revealed a major partnership with BlackRock, a leading asset management company, which will allow the stablecoin issuer to integrate USDe through BlackRock’s Aladdin platform. Excited to announce our collaboration with @Blackrock . →Integration of USDe into BlackRock’s Aladdin platform →BUIDL as the primary asset for our whitelabel product →Liquidity facility on BlackRock tokenized products The integration of USDe on Aladdin provides unique… pic.twitter.com/onP6o8hIpp — Ethena (@ethena) June 29, 2026 As per the official post shared on X (formerly Twitter), the partnership will expand Ethena’s operations by using BlackRock’s digital asset infrastructure. The major highlight of this integration is that BUIDL will become a main asset of Ethena’s white-label product. BlackRock’s tokenized BUIDL fund will function as the main reserve asset for Ethena’s upcoming white-label product. Apart from this, the companies are preparing to establish a $100 million liquidity facility for BlackRock’s tokenized products. The partnership announcement comes after the previous partnership that involved USDtb, a stablecoin backed by BUIDL. The announcement has soared Ethena’s governance token ENA’s price by approximately 5.85%. According to CoinMarketCap , ENA is currently trading at around $0.07840 with a market capitalization of $728 million. Details of Ethena’s Partnership with BlackRock This partnership is a part of a growing adoption of crypto-based products. USDe, which is Ethena’s native synthetic dollar, is known for high yields in comparison to other popular stablecoins like USDC or USDT. It uses delta-neutral hedging strategies such as basis trades on perpetual futures. Apart from this, instead of fiat-based stablecoins, USDe generates yield directly from on-chain mechanisms, which makes it a perfect option for both trading collateral and savings. By integrating USDe into the Aladdin platform, financial institutions will gain easy access to the token within their existing portfolio management tools for various operations, such as risk analysis, trading, and others. Apart from this, the liquidity facility with a $100 million fund will allow eligible BUIDL holders to swap their tokens for stablecoins such as USDC or USDtb. The integration of Ethena with BUIDL will create interoperability between tokenized Treasuries and stablecoins. What is BlackRock’s Aladdin Platform? BlackRock’s Aladdin is a leading enterprise investment and risk management platform. It provides a unified view of public and private markets by providing support for portfolio construction, trading, performance measurement, compliance, and risk analytics. At present, Aladdin is holding around $20 trillion in assets for hundreds of external institutions, including pension funds, insurers, banks, and asset managers. USDe has become the third cryptocurrency supported by Aladdin after integrating Bitcoin and Ethereum. Robert Mitchnick, BlackRock’s head of digital assets, mentioned in a statement, “We believe stablecoins and tokenized real-world assets to be inextricably linked. This liquidity facility enables a level of frictionless interoperability that is core to the unique utility that tokenizing treasury funds makes possible.” Ethena founder Guy Young said that, “The next phase of digital asset adoption will be driven by infrastructure that allows traditional institutions to interact with on-chain financial products through familiar systems and workflows.” In the last few months, Ethena has expanded its operations through various integrations and partnerships. USDe is one of the rapidly growing USD-pegged stablecoins amid the boom in the stablecoin market, which currently holds a market capitalization of around $4.45 billion, according to CoinMarketCap. The major reason behind the rise of USDe is integrations across major centralized exchanges like Binance and Bybit, custodians, and DeFi protocols. Ethena has launched USDtb as a BUIDL-backed stablecoin in partnership with Securitize and Anchorage Digital in order to comply with regulations. Apart from this, in order to boost cross-chain compatibility, Ethena has taken an approach toward governance updates with proof-of-reserves attestations.

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