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Ethena’s USDe To Be Integrated Into Third Largest Global Crypto Exchange Bybit

Ethena’s USDe To Be Integrated Into Third Largest Global Crypto Exchange Bybit

A new Ethereum (ETH)-based USD-pegged stablecoin is getting a boost from one of the world’s largest crypto exchanges. Ethena Labs has announced that USDe, the stablecoin of the Ethena (ENA) ecosystem, is being integrated by Bybit, the third largest crypto exchange by trading volume. “We are excited to share one of the most important developments for USDe adoption to date. As of […]

The post Ethena’s USDe To Be Integrated Into Third Largest Global Crypto Exchange Bybit appeared first on The Daily Hodl.

Former Google China boss doubles down: AI to take 50% of jobs by 2027

Ethena Labs Onboards Bitcoin as a Backing Asset for the Crypto Project’s Synthetic Dollar

Ethena Labs Onboards Bitcoin as a Backing Asset for the Crypto Project’s Synthetic Dollar

Synthetic dollar protocol developer Ethena Labs has added Bitcoin (BTC) to the backing of its USDe stablecoin, the firm’s flagship product. Announcing via the social media platform X, Ethena Labs says that using Bitcoin to back USDe is “a crucial unlock which will enable USDe to scale significantly” from its current supply of $2 billion. […]

The post Ethena Labs Onboards Bitcoin as a Backing Asset for the Crypto Project’s Synthetic Dollar appeared first on The Daily Hodl.

Former Google China boss doubles down: AI to take 50% of jobs by 2027

Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion

Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 BillionOn Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest stablecoin by market capitalization, now valued at over $2 billion. USDE to Utilize Bitcoin as Collateral An update shared by Ethena […]

Former Google China boss doubles down: AI to take 50% of jobs by 2027

$14M Capital Infusion Catapults Ethena Labs’ Valuation; Stablecoin Ranks 9th Largest

M Capital Infusion Catapults Ethena Labs’ Valuation; Stablecoin Ranks 9th LargestOn Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key investors. Following this recent influx of funds and a previous $6.5 million investment from Maelstrom, overseen by Arthur Hayes, in July 2023, the company’s post-valuation has risen to $300 million. USDE Issuer Ethena Labs Raises $14M Ethena Labs, […]

Former Google China boss doubles down: AI to take 50% of jobs by 2027