Excited to announce our collaboration with @Blackrock.
→Integration of USDe into BlackRock's Aladdin platform
→BUIDL as the primary asset for our whitelabel product
→Liquidity facility on BlackRock tokenized products
The integration of USDe on Aladdin provides unique institutional access for the >$20 trillion of assets managed by financial institutions on Aladdin.
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USDe is now live on both @HyperliquidX exchange & HyperEVM 🫳🏻
HyperCore users will earn daily rewards auto airdropped on top of their USDe spot exchange balances
USDe fills the opportunity for a scalable rewarding dollar asset within the Hyperliquid exchange & ecosystem
HYENA 2025 🐕
HyperCore users will earn daily rewards based on their rolling 24-hour average USDe balances, distributed by @merkl_xyz
Users must hold at least 100 USDe on HyperCore to qualify
USDe can be acquired via HyperCore orderbook
Alternatively, USDe can also be transferred in via HyperEVM - click "EVM <> Core Transfer" on Hyperliquid's Portfolio page with an active HyperCore address
Users can bridge USDe to HyperEVM via @StargateFinance, powered by @LayerZero_Core
Introducing @convergeonchain: The settlement network for traditional finance and digital dollars, powered by @ethena_labs and @Securitize
Our vision is to provide the first purpose built settlement layer where TradFi will merge with DeFi, centered on USDe & USDtb and secured by ENA
We see two core use cases for blockchains:
i) Settlement for permissionless spot and leveraged DeFi speculation
ii) Storage and settlement for stablecoins and tokenized assets
While the speculation use case has and will continue to play an important role in crypto, we see a less competitive and much larger opportunity to win the second category over the next decade
Ethena and Securitize are uniquely positioned to do so, together
We believe the biggest theme of this cycle and the coming years is the onboarding of institutional flows of capital
Even after significant growth, DeFi TVL today at $100 billion remains insignificant compared to global capital markets
There remains a lack of purpose-built infrastructure tailor made to onboard major pools of capital into crypto native products
We are excited to share that up to $1.1bn of direct allocation of USDe and sUSDe has been approved for integration into the @sparkdotfi Liquidity Layer
Details below on the partnership 👇🏻
Onboarding Ethena into the Spark Liquidity Layer will allow Spark to access Ethena rewards directly rather than via lending
This proposal will add Spark support for directly deploying USDC reserves into USDe and sUSDe using the Ethena Minting contract
@BlockAnalitica have recommended a direct holding cap for Spark of 20% of USDe supply among other risk related recommendations in response to the proposal below
As part of this partnership, Usual will also launch an sUSDe vault for USD0++ holders, allowing Usual users to gain exposure to sUSDe APY and Ethena rewards alongside additional USUAL rewards
USD0 is the latest scaled decentralized stablecoin of many to leverage Ethena powered assets