BUIDL now has 24/7 on-chain liquidity via @ethena_labs
We’ve partnered with Ethena to enable atomic swaps from BlackRock’s BUIDL to USDtb—unlocking new composability, liquidity, and accessibility for the world’s largest tokenized Treasury fund.
Here’s what it means 🧵👇
USDtb is a stablecoin backed by primarily BlackRock’s USD Institutional Digital Liquidity Fund Token, BUIDL. USDtb has over $1.4 billion in supply today, and is widely integrated across DeFi and CeFi.
Through the USDtb Liquidity Fund, qualified participants onboarded via Securitize can now swap from BUIDL to @ethena_labs' USDtb permissionlessly, 24/7/365.
This integration enhances how institutions and DeFi users can access on-chain dollars.
USDtb’s growing role in the DeFi ecosystem creates new possibilities for eligible BUIDL holders:
→ Unlock additional liquidity
→ Access a broader range of DeFi and CeFi strategies through USDtb’s integrations
All with real-time settlement.
This builds on our long-term collaboration with @ethena_labs to deepen the utility of tokenized securities.
We’re committed to supporting secure, programmable infrastructure for institutional finance, on @convergeonchain and across major blockchains.
We’re proud to keep expanding what’s possible with on-chain Treasury funds
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