Arthur Hayes-Backed Ethena Labs Launches New Stablecoin Backed by BlackRock’s BUIDL

December 16, 2024 The Daily Hodl

blackrock

Ethena Labs is announcing the launch of a new US dollar-pegged stablecoin that will be backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). According to a new announcement from the Arthur Hayes-backed crypto protocol, the new stablecoin, USDtb, will be Ethena’s second stablecoin offering, following the project’s flagship stablecoin USDe. USDtb differs from other […]

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BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

BlackRock Announces BUIDL Expansion Across Aptos, Arbitrum, Avalanche, Optimism and Polygon

November 13, 2024 The Daily Hodl

Altcoins

Asset management titan BlackRock is announcing the expansion of its proprietary BUIDL, the company’s on-chain money market fund, across five new blockchains. According to an announcement by real-world asset tokenizing firm Securitize, BlackRock’s brokerage partner, BUIDL will be expanding to layer-1 blockchains Aptos (APT) and Avalanche (AVAX) as well as layer-2 scaling solutions Arbitrum (ARB), […]

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BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report

October 19, 2024 The Daily Hodl

Altcoins

Asset management titan BlackRock is reportedly in talks with numerous crypto exchange platforms about using its proprietary token BUIDL as collateral for derivatives contracts. According to a new report by Bloomberg, anonymous people familiar with the matter say the world’s largest asset manager is exploring the idea of utilizing BUIDL – the crypto asset related […]

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BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Blackrock Targets $3 Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token

October 19, 2024 Bitcoin.com

Blackrock Targets Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token

Binance

Blackrock, the world’s largest asset manager, is reportedly seeking to disrupt the $3 trillion crypto derivatives market by pushing to have its BUIDL token accepted as collateral. Discussions are ongoing with major exchanges like Binance and Deribit. The token’s interest-paying structure could appeal to institutional investors seeking alternative collateral options in the growing derivatives sector. […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Institutional Investors Predict Surge in Digital Asset Fund Launches, Research Finds

October 5, 2024 Bitcoin.com

Anatoly Crachilov

Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of respondents also foresee traditional financial institutions entering the sector with their own funds, driven in part by […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Blackrock Amasses $24 Billion in Bitcoin, Approaches 2% of Total Supply

September 28, 2024 Bitcoin.com

Blackrock Amasses Billion in Bitcoin, Approaches 2% of Total Supply

Asset Management

From Jan. 11 to Sept. 26, 2024, Blackrock, the world’s largest asset manager, collected an astonishing 363,626.36 bitcoin, valued at just over $24 billion as of Sept. 27. This accumulation puts Blackrock’s exchange-traded fund (ETF), IBIT, on the cusp of controlling nearly 2% of bitcoin’s total supply. A Look at How Blackrock Quickly Accumulated Billions […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Ethena to launch new stablecoin backed by BlackRock’s BUIDL

September 26, 2024 Coin Telegraph

Bitget

Ethena’s synthetic stablecoin USDe can benefit from incorporating UStb during periods of weak funding conditions, Ethena Labs said.

Ethena Labs, developer of the decentralized stablecoin protocol Ethena, is working on a new stablecoin backed by a tokenized fund from BlackRock.

Ethena Labs took to X on Sept. 26 to announce its new stablecoin project, UStb (USTB), which will be built in partnership with major Bitcoin investor (BTC) BlackRock and the digital securities platform Securitize.

The stablecoin will be backed by BlackRock’s tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which offers a stable value of $1 per token.

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Analytics Firm Issues Warning on ONDO, Says Fed Rate Policy Present Headwinds – Here’s Why

August 21, 2024 The Daily Hodl

Altcoins

Crypto market data analytics firm Kaiko Research is warning that one real-world asset (RWA) project could remain bearish for two main reasons. In a new report, Kaiko Research says that Ondo Finance (ONDO) is losing momentum after the hype around RWA projects has died down. The firm also warns that expected Fed interest rate cuts […]

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BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Blackrock’s BUIDL Fund Reaches $500M Milestone; Tokenized Treasuries Tap $1.8B

July 9, 2024 Bitcoin.com

Blackrock’s BUIDL Fund Reaches 0M Milestone; Tokenized Treasuries Tap .8B

bitcoin.com

According to the latest data, Blackrock’s BUIDL fund on Securitize has surpassed $500 million, becoming the first tokenized money market fund to reach this milestone. This achievement coincides with the value of tokenized U.S. Treasuries reaching $1.81 billion. Half Billion Milestone for Blackrock’s BUIDL Fund This week, Blackrock’s USD Institutional Digital Liquidity Fund, also known […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

BlackRock tokenized treasury fund BUIDL reaches $500M

July 9, 2024 Coin Telegraph

BlackRock tokenized treasury fund BUIDL reaches 0M

BENJI

BlackRock has hit the milestone less than four months after the launch of BUIDL in April.

The BlackRock USD Institutional Digital Liquidity Fund has reached a $500 million market cap — making it the first tokenized treasury fund to reach the milestone.

Launched less than four months ago, BlackRock BUIDL, currently holds $502.8 million worth of tokenized treasurys, according to Ethereum block explorer Etherscan.

The milestone was reached after real-world asset tokenization firm Ondo Finance bought more BUIDL, which it uses as a backing asset for its OUSG token.

BUIDL

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