BlackRock BUIDL Fund bids for the allocation of Ethena's $45 million reserve fund

ChainCatcher news, according to Decrypt, BlackRock's tokenized money market fund BUIDL is seeking investment from Ethena Labs' tokenized fund.

On July 16, Ethena Labs created a thread on the forum to allocate funds for its $45.4 million reserve fund, which currently has $235 million in Tether (USDT) backing its USDe stablecoin. The post also outlined plans to allocate part of the fund to income-generating real-world asset products.