BlackRock and Ethena Labs announced a partnership integrating USDe into BlackRock's Aladdin platform, which manages infrastructure for over $20 trillion in institutional assets. The deal also includes a $100M liquidity facility via Securitize.
• Enables two-way conversions between BUIDL and USDC/USDtb during non-trading hours
• ENA rose about 8% on the news
Matters because: This is one of the clearest institutional DeFi integrations yet and could expand USDe's addressable market at scale.