Crypto Scenario Insights
What happened
BlackRock's Aladdin platform now offers deeper support for Ethena's USDe, making the synthetic dollar accessible to institutional investors.
What we think
The most likely outcome is a neutral short-to-medium term impact on USDe's market capitalization and ENA's price, with a 55% probability.
Read the analysis
BlackRock Aladdin Integrates Ethena's USDe: Will Institutional Access Drive Demand?
We explain what happened and what could follow. We do not forecast prices.