BlackRock and Ethena Labs Launch Innovative Stablecoin – BitRss

Interest in cryptocurrencies continues to surge as institutional players announce groundbreaking ventures. Recently, the ENA team revealed its new stablecoin launch, which is particularly intriguing due to its association with BlackRock. The company utilizes its tokenized bonds as reserve assets, instilling confidence in investors and potentially driving rapid growth for both altcoins and RWA tokens.

BlackRock and ENA Coin

As the world’s largest asset manager, BlackRock oversees more than $10 trillion in assets and issues the largest spot Bitcoin $104,118 ETF, IBIT. One of the largest tokenized bonds, BUILD, is also issued by BlackRock, indicating the firm’s keen interest in cryptocurrencies.