Ethena Labs adds Bitcoin support to its synthetic US dollar

USDe East Already supported by Ether, Ether-based liquid staking tokens And Attached, but Ethena said Bitcoin will provide more "on" And "robust" product For USDe token holders.
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Ethena Laboratories, THE team behind THE USDe, has added Bitcoin (BTC) as collateral has It is synthetic dollar-indexed product with THE hope of scaling "significantly" Since It is current $2 billion provide.

With Bitcoin open interest increasing Since $10 billion has $25 million on THE pass year on major cryptocurrency Exchanges, USDe has THE ability has ladder by A postman of 2.5, Ethena explain In A April 4 job on X.

USDe went live on Ethereum on Feb. 19. HAS THE time, Ethena promised A 27.6% annual percentage yield (APY) on staked USDe, inciting widespread concerns In THE community. ...

Crypto Apr 5, 2024 0 14 Add to Reading List

Ethena Labs adds Bitcoin support to its synthetic US dollar

USDe East Already supported by Ether, Ether-based liquid staking tokens And Attached, but Ethena said Bitcoin will provide more "on" And "robust" product For USDe token holders.

Ethena Labs adds Bitcoin support to its USDe synthetic dollar

News

Own This piece of crypto history

Collect This article as NFT Join We on social networks

Ethena Laboratories, THE team behind THE USDe, has added Bitcoin (BTC) as collateral has It is synthetic dollar-indexed product with THE hope of scaling "significantly" Since It is current $2 billion provide.

With Bitcoin open interest increasing Since $10 billion has $25 million on THE pass year on major cryptocurrency Exchanges, USDe has THE ability has ladder by A postman of 2.5, Ethena explain In A April 4 job on X.

USDe went live on Ethereum on Feb. 19. HAS THE time, Ethena promised A 27.6% annual percentage yield (APY) on staked USDe, inciting widespread concerns In THE community. ...