Ethena Picks BlackRock’s BUIDL, Mountain, Superstate and Sky’s USDS for $46M Tokenized...

Ethena Picks BlackRock’s BUIDL, Mountain, Superstate and Sky’s USDS for $46M Tokenized RWA Investment

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Source: Coindesk.com

Decentralized finance (DeFi) protocol Ethena {{ENA}}, issuer of the $2.5 billion yield-generating USDe "synthetic dollar" token, announced Thursday it will invest its $46 million backup fund in BlackRock's and Securitize's tokenized fund BUIDL, Mountain's USDM token, Superstate's USTB and the new USDS stablecoin of Sky, formerly known as Maker.

The protocol's so-called Reserve Fund will allocate roughly

Read More https://www.coindesk.com/business/2024/10/10/ethena-picks-blackrocks-buidl-mountain-superstate-and-skys-usds-for-46m-tokenized-rwa-investment/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Ethena Picks BlackRock's BUIDL, Mountain, Superstate and Sky's USDS for $46M Tokenized RWA Investment" appeared first here Coindesk.com.

Source: Coindesk.com

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