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Cryptopolitan 2026-06-29 21:18:33

BlackRock is adding Ethena’s USDe to its Aladdin platform

BlackRock is adding Ethena’s USDe to its Aladdin platform, with about $25 trillion in AUM. Ethena Labs formally partnered with BlackRock on Monday. The deal will see its synthetic dollar USDe integrated and distributed through BlackRock’s Aladdin investment platform. Aladdin is the portfolio management system BlackRock uses internally and licenses to institutional clients, tracking roughly $25 trillion in assets. super excited to get this one out. ethena has formally partnered with blackrock. usde is now integrated and distributed through blackrock's aladdin investment platform, which houses $25t of aum. on top of that, buidl becomes the primary asset within our whitelabel products, plus… https://t.co/vauSgajSED — MIGUEL DE SOUSA (@miguelweb3) June 29, 2026 BlackRock adds USDe to Aladdin Following the news, USDe reportedly becomes the third crypto asset available to the wealth of institutions on Aladdin, after BTC (via the iShares Bitcoin Trust, IBIT) and ETH (via the iShares Ethereum Trust, ETHA). “The next phase of digital asset adoption will be driven by infrastructure that allows traditional institutions to interact with onchain financial products through familiar systems and workflows,” said Ethena founder, Guy Young. The partnership will see Ethena Labs adopt BUIDL as the primary asset for its whitelabel product, the team said Monday. It will also back a $100 million liquidity facility through Securitize, the platform behind BlackRock’s BUILD fund. Just last week, Securitize was reportedly expecting to raise about $400 million as it prepares to go public through a SPAC merger. The deal is scheduled to be completed on July 1, following shareholder approval today. Both companies will trade under the ticker SECZ on the NYSE, if approved. BlackRock dabbles with synthetic dollar USDe is currently the sixth-largest stablecoin, with over $4.45 billion in market cap, according to Coingecko. Unlike USDT and USDC, which hold fiat-denominated reserves to maintain their peg, Ethena’s USDe is a synthetic stablecoin that uses crypto collateral and derivatives positions to maintain a dollar peg. USDe was once one of the fastest-growing stablecoins, hitting $10 billion in 500 days after launch and reaching $14 billion, making it the third-largest after USDT and USDC. Of late, however, USDe has been rocked with outflows, amid the broader decline in DeFi activities, with TVL now sitting at $70 billion across all chains, from $115 billion at the start of 2026. In April alone, USDe recorded $1.6 billion in redemptions , with some whales looking to cover positions amid soaring borrowing rates on lending platforms, Cryptopolitan reported. The market saw it as a great deal for BlackRock dabbling into Ethena’s synthetic dollar this soon. The price of Ethena’s native token briefly spiked 10% on the news, and is currently trading at $0.07894, with a 5.6% daily gain. ENA 24h price chart. Source: Coingecko Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

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