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Global asset manager BlackRock, in partnership with Securitize, has issued the BUIDL token backed by U.S. Treasuries, which has now surpassed $1 billion in assets. Securitize reported that Ethena added $200 million in holdings, pushing BUIDL past this threshold. BUIDL serves as a key reserve asset for Ethena’s USDtb yield token, which currently has a $540 million supply, with $320 million backed by BUIDL.
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