BlackRock will list Ethena's USDe as an approved digital asset on Aladdin, its institutional portfolio and risk-management platform, the two firms said Monday, opening the synthetic dollar to the asset managers, banks, insurers and pension funds that run money on the system.

The move makes USDe more accessible to investment professionals wishing to take advantage of 'digital dollar exposure.'

BlackRock's Aladdin platform deepens support for Ethena's stablecoin products, building on the BUIDL-backed USDtb relationship and expanding institutional