On 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 […]
Original
Related posts
-
Bitcoin Price Lags Beneath $63,000 — What Does This Mean?
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the... -
US Spot Bitcoin ETFs Open Q4 2024 With $300 Million Weekly Outflows
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While... -
Bitcoin Holds Steady As Bullish Breakout Awaits These Conditions – Details
According to data from CoinMarketCap, Bitcoin currently hovers near the $62,000 price mark with no significant...