According to PANews on April 25th, based on Token Terminal data, approximately 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 for the fund, with a position size of $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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