Ethena Labs' BUIDL fund in BlackRock has exceeded $1 billion

According to Arkham, Ethena Labs recently increased its holdings of $225 million of BlackRock BUIDL-I tokens, bringing its total holdings of BUIDL tokens to more than $1 billion. The BUIDL fund, issued by BlackRock in partnership with Securitize, invests primarily in U.S. Treasuries, cash, and repurchase agreements and is designed to provide investors with stable returns.