BlackRock Integrates Ethena's USDe Stablecoin Into Its $20 Trillion Aladdin Platform

BlackRock is integrating Ethena's USDe stablecoin into its Aladdin platform, giving over $20 trillion in managed assets access to the yield-bearing stablecoin. ENA token rose 4% on the news.

• BlackRock's Aladdin platform manages over $20 trillion in assets for institutions like Deutsche Bank and Citi
• USDe integration lets pension funds, insurers, and asset managers allocate to the stablecoin within their existing risk systems
• BlackRock's BUIDL tokenized fund will serve as the primary asset backing Ethena's whitelabel product
• ENA price rose 4% as the token benefits from a fee-switch mechanism that buys back tokens from revenue
• This follows Ethena's earlier partnerships with Centrifuge and Janus Henderson this month

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