According to CoinMeta, the liquidity facility jointly established by Securitize, Ethena and BUIDL has been officially launched. It supports institutions to use USDC as the settlement asset, allowing them to access US dollar liquidity while holding tokenized US dollar assets. In June this year, BlackRock integrated Ethena into its investment management platform, which manages assets worth approximately $25 trillion. Ethena provided $100 million in liquidity support for BlackRock's BUIDL funds. Ethena has allocated about $200 million to BUIDL, helping the fund's size exceed $1 billion. BUIDL is a BlackRock US dollar institutional digital liquidity fund that has been tokenized by Securitize and deployed on chains such as Ethereum, Solana, BNB Chain, and Aptos. It is also accepted as collateral by platforms like Crypto.com and Deribit.