BlackRock’s BUIDL fund gains round-the-clock stablecoin liquidity
Eligible BUIDL holders can access 24/7 stablecoin swaps through a $100 million facility launched by Securitize and Ethena Labs.
Eligible BUIDL holders can access 24/7 stablecoin swaps through a $100 million facility launched by Securitize and Ethena Labs. Ethena (ENA) is trading at ₹12.99 ($0.1384). This is an original Token Times brief synthesising 3 outlets (The Cryptonomist, The Block, Unchained), with their figures cross-checked, plus live market data, as of Thu, 12 Nov 2026 16:45:01 UTC.
The facility connects a tokenized cash-management product with continuously available stablecoin liquidity, potentially making portfolio repositioning easier for eligible investors without relying on standard market hours.
- Securitize and Ethena launched a $100 million facility for BUIDL swaps.
- Eligible holders can swap BUIDL for USDC and other stablecoins around the clock.
- Ethena TVL stands at $5.31 billion, up 6.8% over seven days.
- ENA fell 9.20% over 24 hours as the broader crypto market declined.
The Cryptonomist and The Block agree that Securitize and Ethena Labs launched a $100 million liquidity facility associated with BlackRock’s BUIDL fund, with both outlets independently reporting the same facility size. They also agree that the arrangement enables 24/7 stablecoin swaps for eligible participants. The Cryptonomist frames access for eligible investors, while The Block specifies eligible BUIDL holders and identifies USDC and other stablecoins as destinations; this is a difference in emphasis rather than a factual contradiction.
BlackRock’s tokenized digital liquidity fund, BUIDL, is now linked to a $100 million liquidity facility from Securitize and 
Ethena Labs. The arrangement allows eligible investors to swap the fund’s token for stablecoins at any time, extending access beyond conventional exchange hours. The facility covers USDC and other stablecoins, according to The Block’s coverage.
The development gives BUIDL holders a mechanism for moving between a tokenized fund and cash-representing digital assets without waiting for traditional market sessions. It also gives Securitize and Ethena a direct distribution and liquidity use case around BlackRock’s institutional product. Eligibility limits mean the facility is not described as unrestricted access for every BUIDL holder or every crypto investor.
The $100 million size is independently corroborated by The Cryptonomist and The Block, making it the central numerical fact in the coverage. The Cryptonomist emphasizes access for eligible investors, while The Block highlights the swap destinations—USDC and other stablecoins. Neither outlet reports a different facility size, and no material contradiction appears between their accounts.
The facility operates within a broader stablecoin and on-chain credit ecosystem. DeFiLlama reports Ethena TVL of $5.31 billion, up 6.8% over seven days, while USDC’s circulating supply stands at $69.74 billion. BUIDL itself trades at $1, unchanged over both 24 hours and seven days, with a reported market capitalization of $1.66 billion.
Market conditions were weak during the reported period. The total crypto market capitalization was $2.45 billion, with the broader market broadly lower; 
Bitcoin fell 2.97% over 24 hours and the Fear & Greed reading stood at 28, indicating fear. Ethena’s ENA token was priced at $0.138502, down 9.20% over 24 hours and 21.68% over seven days, against a market capitalization of $1.87 billion. The practical significance of the new facility will be visible in eligible-holder participation and its effect on stablecoin liquidity; Ethena TVL and USDC supply provide the surrounding on-chain benchmarks to monitor.
Since this brief published about 2 hours ago, Ethena (ENA) has moved from ₹13.00$0.1385 to ₹12.99$0.1384 — -0.05%.
The chart plots ENA's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ENA ≈ ₹13.78 (about $0.1384), down 10.1% over 24 hours. The rupee itself trades about 6.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · November 12, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
BlackRock’s BUIDL fund gains round-the-clock stablecoin liqu — questions & answers
What can eligible BUIDL holders swap?
They can swap BUIDL for USDC and other stablecoins through the Securitize and Ethena Labs facility.
How large is the new liquidity facility?
The facility is $100 million, a figure reported by both The Cryptonomist and The Block.
Can swaps happen outside traditional market hours?
Yes. The facility is designed to support eligible BUIDL swaps 24/7.
What on-chain data contextualize the launch?
DeFiLlama reports Ethena TVL of $5.31 billion and USDC circulating supply of $69.74 billion.
How much is 1 Ethena worth in rupee today?
About ₹13.78 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.1384. The rupee price moves with both ENA's US-dollar price and the USDT/INR rate; use our Ethena in rupee page for any amount.
Has Ethena's price moved since this brief was published?
ENA is down 0.05% since this brief first published — trading at ₹12.99 ($0.1384) now versus ₹13 ($0.1385) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from The Cryptonomist, The Block, Unchained, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.