Ethena, the DeFi protocol, announced that it will invest its $46 million reserve fund in BlackRock and Securitize’s tokenized fund BUIDL, Mountain’s USDM token, Superstate’s USTB, and Sky’s new USDS stablecoin. 🎉

- $18M BUIDL

- $13M USDS

- $8M USDM

- $7M USTB

USDe generates yield by holding BTC and ETH spot and selling their derivatives. The move fits a trend of DeFi platforms investing their treasuries in RWA-backed tokens. 💼

Share your thoughts in the comments! 👇

#DeFi#Blockchain #Crypto