Ethena expands USDe to Monad as Aave collateral after Robinhood Chain push now. By Samuel - July 17, 2026 Ethena launches USDe and sUSDe on Monad as Aave collateral via Stargate, days after seeding liquidity on Robinhood Chain. Ethena has launched USDe and sUSDe on Monad, expanding its stablecoin products across another high-performance blockchain network. The rollout follows Ethena's recent liquidity push on Robinhood Chain. Ethena said both assets are now available across the Monad ecosystem. The integration also includes support inside Monad's Aave market. MSB Intel reported that USDe and sUSDe are enabled as Aave collateral for recursive borrowing. The assets were bridged into Monad through Stargate. The launch adds Monad to Ethena's broader expansion across new chains. The project is also moving across Robinhood Chain, Avalanche, and TON. USDe and sUSDe Go Live on Monad. Ethena said USDe and sUSDe are now living on Monad. USDe is Ethena's synthetic dollar asset, while sUSDe is its staked version. Both assets are now available for use across Monad-based applications. Monad is a parallelized EVM network built for faster blockchain execution. EVM means Ethereum Virtual Machine, which lets Ethereum-style apps run on other chains. Ethena described the launch as "Parallelized EVM USDe" going live. The move gives Monad users access to Ethena's dollar-based assets. It also places USDe inside a new DeFi market at launch. This may support trading, borrowing, and liquidity activity across the ecosystem. Aave collateral adds borrowing use case. MSB Intel reported that USDe and sUSDe are enabled as collateral on Monad's Aave instance. Collateral is an asset users deposit to borrow another asset. In this case, Ethena users can access stablecoin borrow liquidity through Aave. The report also said the setup supports recursive borrowing. Recursive borrowing means users deposit collateral, borrow assets, and repeat the process. This can increase exposure, but it also raises liquidation risk. Ethena said users will have access to stablecoin borrow liquidity at scale. That means larger borrowing pools may be available for supported users. However, borrowing activity still depends on risk settings, liquidity depth, and market demand. Read Also: Expansion follows Robinhood Chain liquidity push. The Monad launch came days after Ethena seeded liquidity on Robinhood Chain. That earlier move placed USDe into another emerging chain ecosystem. Together, the launches show a wider distribution strategy for Ethena's assets. MSB Intel said Ethena is deploying across several high-performance chains at once. The named networks include Monad, Robinhood Chain, Avalanche, and TON. This gives USDe more routes into DeFi and trading markets. The assets were bridged to Monad through Stargate, according to the report. Stargate is a cross-chain bridge used to move assets between supported networks. Traders may now watch USDe liquidity, Aave borrowing activity, and Monad ecosystem adoption.

Ethena's USDe enters BlackRock's $20T Aladdin platform. Last Updated June 29, 2026 Disclaimer: This article is for informational purposes only, not financial advice. Crypto markets are risky. Please do your own research and talk to a financial advisor before investing. Explore its Terms and Conditions and Privacy Policy for more information. * On Monday, Ethena announced a partnership with BlackRock, which allows the company to integrate USDe into BlackRock's Aladdin platform. * According to the official announcement, BlackRock's tokenized Treasury fund (BUIDL) will back Ethena's white-label product along with a liquidity facility on BlackRock's tokenized products. * The liquidity pool will allow investors to swap between BUIDL and stablecoins like USDe even outside normal banking hours. On June 29, Ethena, a leading stablecoin issuer behind USDe, revealed a major partnership with BlackRock, a leading asset management company, which will allow the stablecoin issuer to integrate USDe through BlackRock's Aladdin platform. As per the official post shared on X (formerly Twitter), the partnership will expand Ethena's operations by using BlackRock's digital asset infrastructure. The major highlight of this integration is that BUIDL will become a main asset of Ethena's white-label product. BlackRock's tokenized BUIDL fund will function as the main reserve asset for Ethena's upcoming white-label product. Apart from this, the companies are preparing to establish a $100 million liquidity facility for BlackRock's tokenized products. The partnership announcement comes after the previous partnership that involved USDtb, a stablecoin backed by BUIDL. The announcement has driven Ethena's governance token ENA's price up by approximately 5.85%. According to CoinMarketCap, ENA is currently trading at around $0.07840 with a market capitalization of $728 million. Details of Ethena's Partnership with BlackRock. This partnership is a part of a growing adoption of crypto-based products. USDe, which is Ethena's native synthetic dollar, is known for high yields in comparison to other popular stablecoins like USDC or USDT. It uses delta-neutral hedging strategies such as basis trades on perpetual futures. Apart from this, instead of fiat-based stablecoins, USDe generates yield directly from on-chain mechanisms, which makes it a perfect option for both trading collateral and savings. By integrating USDe into the Aladdin platform, financial institutions will gain easy access to the token within their existing portfolio management tools for various operations, such as risk analysis, trading, and others. Apart from this, the liquidity facility with a $100 million fund will allow eligible BUIDL holders to swap their tokens for stablecoins such as USDC or USDtb. The integration of Ethena with BUIDL will create interoperability between tokenized Treasuries and stablecoins as well. What is BlackRock's Aladdin platform? BlackRock's Aladdin is a leading enterprise investment and risk management platform. It provides a unified view of public and private markets by providing support for portfolio construction, trading, performance measurement, compliance, and risk analytics. At present, Aladdin is holding around $20 trillion in assets for hundreds of external institutions, including pension funds, insurers, banks, and asset managers. USDe has become the third cryptocurrency supported by Aladdin after integrating Bitcoin and Ethereum. Robert Mitchnick, BlackRock's head of digital assets, mentioned in a statement, "We believe stablecoins and tokenized real-world assets to be inextricably linked. This liquidity facility enables a level of frictionless interoperability that is core to the unique utility that tokenizing treasury funds makes possible." Ethena founder Guy Young said that "The next phase of digital asset adoption will be driven by infrastructure that allows traditional institutions to interact with on-chain financial products through familiar systems and workflows." In the last few months, Ethena has expanded its operations through various integrations and partnerships. USDe is one of the rapidly growing USD-pegged stablecoins amid the boom in the stablecoin market, which currently holds a market capitalization of around $4.45 billion, according to CoinMarketCap. Ethena has launched USDtb as a BUIDL-backed stablecoin in partnership with Securitize and Anchorage Digital in order to comply with regulations. Apart from this, in order to boost cross-chain compatibility, Ethena has taken an approach toward governance updates with proof-of-reserves attestations. Rajpalsinh Parmar is a Crypto Journalist at CryptoNewsZ with over three years of experience. His work is so well-regarded that it has been cited in a Cambridge University research paper. Rajpalsinh is an expert in crypto trading bots and blockchain tech. He also covers major industry events and hackathons. He is a hands-on user who tests trading tools to see how they work in the real market. Rajpalsinh loves making hard topics easy to understand. He gives readers the facts they need to stay ahead in the world of digital assets. Latest Crypto News May 25, 2026 May 19, 2026 May 11, 2026 April 27, 2026 April 26, 2026 April 25, 2026 April 24, 2026 Market Overview LIVE $ 64,328.00 $ 1,821.39 $ 0.000004 * Biggest Crypto News & Ideas of day

BlackRock fuels 10% surge for Ethena as USDe joins $25 trillion Aladdin platform. 29 June 2026, 16:32 UTC Updated 29 June 2026, 16:32 UTC * Ethena says USDe is now integrated into BlackRock's Aladdin platform. * BUIDL, BlackRock's tokenized fund, will back Ethena's white-label stablecoin product. * ENA rallied on the news, though USDe remains barred from the EU. Win up to $25k USDC with Democratized Prime & ~9% APY! Enter with Figure! Ethena says it has integrated USDe, its synthetic dollar, into BlackRock's Aladdin platform. The move targets the institutions that run portfolios and risk on the system. The announcement also named BlackRock's tokenized fund as the white-label backing. BlackRock has not published a matching statement. USDe Gains a Path to Aladdin's Institutions. USDe is one of the larger dollar-pegged tokens, with a supply near $4.5 billion as of June 29. It holds its peg with a delta-neutral strategy that pairs staked Ether (ETH) with short perpetual futures. That structure sits at the core of Ethena's synthetic dollar model. Ethena pitched the integration as institutional distribution. Its post pointed to the scale of capital that Aladdin already touches. "The integration of USDe on Aladdin provides unique institutional access for the >$20 trillion of assets managed by financial institutions on Aladdin," Ethena wrote in the announcement. BlackRock does not publish a single Aladdin asset figure, so that scale reflects the company's own claim. Native support would let those institutions track and analyze USDe inside tools they already run. For now, Ethena has not detailed how deep the integration goes. BUIDL deepens an existing BlackRock tie. The relationship is not new. BUIDL, the BlackRock USD Institutional Digital Liquidity Fund, launched in March 2024 and ranks among BlackRock's largest tokenized funds. BUIDL already provides most of the reserves behind USDtb, the stablecoin backed by BUIDL that Ethena launched in late 2024. Naming it the primary asset for a white-label product lets other firms issue branded versions of Ethena's dollars. A new liquidity facility will connect BUIDL with USDe and USDtb for on-chain transactions. It builds on earlier work with Securitize that enabled around-the-clock swaps between the fund and Ethena's tokens. Ethena's ENA token rose on the news, rising almost 10% in the immediate aftermath of the news, with the token near $0.0811 as of this wrting. The bounce stands against a steep slide. ENA has fallen about 17% in a week and roughly 70% over the year. The reaction echoes earlier institutional deals. An investment from a Wall Street asset manager lifted ENA before. However, USDe still carries regulatory baggage. In April 2025, Germany's BaFin ordered Ethena's local entity to wind down USDe issuance. It was the regulator's first action under the EU's MiCA rules. Whether Aladdin's institutions allocate to USDe, rather than simply monitor it, will be the clearer test in the coming weeks. More on Stablecoin News? Disclaimer BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.