BlackRock’s BUIDL Fund Integrated into Euler for On-Chain Collateral Use

By: btc-pulse|2025/05/16 19:15:06
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BlackRock’s BUIDL Fund Enters DeFi via Euler Protocol BlackRock’s tokenized money market fund, BUIDL, has officially entered decentralized finance. On May 15, Euler Labs announced on X that sBUIDL, a Securitize token collateralized 1:1 by BUIDL, went live on the Euler lending protocol. This is sBUIDL’s first inclusion into DeFi, via Re7 Labs, and deployed on the Avalanche blockchain. Using sBUIDL as On-Chain Collateral With the integration, DeFi users can now use sBUIDL as collateral to borrow USD Coin (USDC) or AUSD. Borrowers also qualify for rewards in AVAX. Euler has also been referred to as a “lending super app” that enables institutions to build custom lending markets with complete control over variables such as collateral requirements, liquidation conditions, and user permissions. Euler’s modular and flexible architecture is different from rigid DeFi models. Its architecture supports innovations such as permitted markets, synthetic tokens, and term lending products. Institutional DeFi Adoption Surges Since its launch, Euler has accounted for over $900 million in deposits. It supports sophisticated strategies by allowing seamless interaction between vaults through the ERC4626 standard and Ethereum Vault Connector—supporting liquidity across its ecosystem. BlackRock’s BUIDL fund, launched in March 2024, has rapidly amassed $2.8 billion in assets. It is investing in U.S. Treasury bills, cash, and repos to support a stable $1 token price and pay dividends on a daily basis. The fund currently operates on Ethereum, Solana, and Arbitrum blockchains. Merging Traditional Finance and DeFi Although the fund’s size, BUIDL remains in just 73 wallets, a sign of its institutional origin. However, its integration by Euler is a vital milestone toward reconciling traditional finance and decentralized platforms. The move not only establishes new use cases for BlackRock-backed assets but also strengthens the link between real-world assets and decentralized lending markets.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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