Ethena's ENA Rises 8% After BlackRock Plans to Integrate USDe Into Aladdin

BlackRock will integrate Ethena’s yield-generating USDe token into its Aladdin investment management platform, and Ethena’s ENA token rose 8% over the past 24 hours following the announcement. According to NS3.AI, Ethena said BlackRock’s BUIDL fund will serve as the primary reserve asset for a forthcoming white-label product. The update links Ethena’s USDe token to BlackRock’s Aladdin platform and positions BUIDL as the main reserve asset backing the planned product, based on Ethena’s statement.