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

6 months ago
Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 BillionOn Thursday, Ethena Labs unveiled its caller strategy to backmost USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields successful the treble digits, has rapidly ascended to go the fifth-largest stablecoin by marketplace capitalization, present valued astatine implicit $2 billion. USDE to Utilize Bitcoin arsenic Collateral An update shared by Ethena […]
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