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Allusdeethenasusdemonadaaverwablackrockena

The Yield Under USDe Is Quietly Moving From Perp Funding To BlackRock's BUIDL

Ethena pushed USDe and sUSDe onto Monad through Aave, hitting $17.2M in 7 days via Stargate. The bigger shift is underneath, where yield is rotating from perp funding to RWA collateral.

ENAUSDEethenausdeJul 22, 2026

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