Ethena is the largest LP of BlackRock's BUIDL fund, with indirect Holdings of about 1.3 billion dollars.

According to ChainCatcher news and data from Token Terminal, 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 making it the largest Liquidity Provider of the fund, with Holdings amounting to 1.3 billion USD.

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