Ethena is the largest LP of BlackRock BUIDL Fund with an indirect holding of approximately $1.3 billion
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On April 25th, according to Token Terminal data, around 90% of the assets backing 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 a holding size of $1.3 billion.
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