What is Ethena's USDe?

USDe is a delta-hedged stablecoin from the Ethena protocol, designed to maintain its peg through hedging strategies.

What is BlackRock's BUIDL fund?

BUIDL is a tokenized money market fund from BlackRock that invests in high-quality short-term assets.

How will this integration affect BlackRock's stock?

The integration could strengthen BlackRock's position in DeFi, potentially benefiting its stock in the long term.

BlackRock Adds Ethena's USDe to Aladdin Platform

BlackRock announced the addition of Ethena's USDe stablecoin to its Aladdin risk management platform, while making BUIDL the main reserve asset for Ethena's whitelabel stablecoins.

June 29, 2026

1 min read

Source: Bankless

BlackRock (BLK) has added Ethena's USDe stablecoin to its Aladdin risk management platform, and is making its BUIDL fund the primary reserve asset for Ethena's whitelabel stablecoins.

The Product

This move expands the use of Aladdin, which is widely used by financial institutions for risk management and portfolio analysis. USDe is a delta-hedged stablecoin, while BUIDL is a tokenized money market fund from BlackRock.

Pricing and Availability

BlackRock has not disclosed specific fees for this service. The integration is expected to be available to institutional users via Aladdin.

Competition

BlackRock competes with platforms like Coinbase Prime and Circle in offering institutional stablecoin solutions. Ethena also competes with protocols such as MakerDAO and Frax Finance.

Potential Impact on the Company

This integration could strengthen BlackRock's position in decentralized finance (DeFi) and increase institutional adoption of stablecoins, potentially generating new revenue from service fees.

Frequently Asked Questions

Aladdin is a risk management and portfolio analysis platform used by financial institutions to analyze investments and manage risk.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.