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Ethena is the largest LP in BlackRock's BUIDL fund, with an indirect position of about $1.30 billion

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2025-04-25 05:59:13
On April 25th, according to Token Terminal data, about 90% of the assets of the stablecoin USDtb issued by Ethena Labs are supported by its LP share in the BlackRock BUIDL fund, indirectly becoming the largest liquidity provider of the fund, with a position of 1.30 billion US dollars.
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