Add as a preferred source on GoogleSecuritize Announces $100 Million BUIDL Liquidity Facility With Ethena
Ethena backs the facility, which Securitize operates. Eligible investors can exchange BUIDL for USDC and other supported stablecoins outside regular market hours, including weekends.
Securitize announced a $100 million liquidity facility with Ethena on Nov. 12, giving eligible investors a route to exchange BUIDL for supported stablecoins outside traditional market hours, including weekends.
BUIDL is BlackRock USD Institutional Digital Liquidity Fund. Ethena backs the facility, and Securitize operates it. Supported stablecoins include USDC.
Separately, Securitize and Ripple introduced a smart contract allowing holders to exchange BUIDL and VanEck’s VBILL shares for RLUSD around the clock. That is a separate arrangement from the Ethena-backed facility; read more about the BUIDL and VBILL exchange route.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.