Stablecoin annualized rate reaches 27%: How sustainable is Ethena Labs?
On February 16, Ethena Labs, the developer of Ethereum-based stablecoin USDe, completed a US$14 million strategic round of financing at a valuation of US$300 million.
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On February 16, Ethena Labs, the developer of Ethereum-based stablecoin USDe, completed a US$14 million strategic round of financing at a valuation of US$300 million.
Bybit has forged a strategic alliance with Ethena Labs, bringing forth Ethena's USDe stablecoin to the Bybit platform. USDe, a decentralised monetary solution, operates independently from traditional banking systems. It leverages delta-hedging staked Ether (ETH) for comprehensive collateral backing.