PANews reported on April 25 that according to Token Terminal data, about 90% of the assets of the stablecoin USDtb issued by Ethena Labs are supported by its LP shares in the BlackRock BUIDL fund, indirectly becoming the largest liquidity provider of the fund, with a holding size of US$1.3 billion.
Ethena is the largest LP of BlackRock's BUIDL Fund, with an indirect position of approximately US$1.3 billion
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