BlackRock BUIDL Fund bids for the allocation of Ethena's $45 million reserve fund

2024-07-24 23:13:39

Collection

ChainCatcher news, according to Decrypt, BlackRock's tokenized money market fund BUIDL is seeking investment from Ethena Labs' tokenized fund.

On July 16, Ethena Labs created a thread on the forum to allocate funds for its $45.4 million reserve fund, which currently has $235 million in Tether (USDT) backing its USDe stablecoin. The post also outlined plans to allocate part of the fund to income-generating real-world asset products.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.