Ethena Labs Onboards Bitcoin as a Backing Asset for the Crypto Project’s Synthetic Dollar
06 April 2024 - 6:55PM
The Daily Hodl
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. […]
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Ethena Labs Onboards Bitcoin as a Backing Asset for the Crypto
Project’s Synthetic Dollar appeared first on The Daily Hodl.
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