Ah, the sweet scent of success! YZi Labs, that bastion of blockchain benevolence, has deigned to deepen its dalliance with Ethena Labs, the enfant terrible of the crypto world. Their brainchild, USDe, has ascended to the giddy heights of $13 billion, becoming the third-largest dollar-pegged asset in this mad, mad crypto market. How delightfully vulgar! 🌟
In a move that can only be described as a stroke of genius-or perhaps sheer audacity-YZi Labs (formerly known as Binance Labs, darling, keep up!) became one of the first investors in Ethena’s Season 6 Incubation Program back in February 2024. Oh, the irony! A stablecoin that doesn’t rely on banks? How positively revolutionary! Or, as Nicola Wang, Investment Director at YZi Labs, so eloquently put it: “We were impressed by Ethena’s team and their unique approach to stablecoin design – building a crypto-native model that generates yield without relying on banks.” Bravo, Nicola, bravo! 👏
– YZi Labs (@yzilabs) September 19, 2025
Ethena, my dear, has not merely walked but sashayed into the spotlight with its $13 billion in total value locked (TVL). It’s integrated across leading DeFi platforms and centralized exchanges, spreading its influence like a particularly persistent rumor at a society ball. And now, with YZi Labs’ backing, USDe is poised to conquer both centralized and decentralized finance. How très chic! 💃
The BNB Chain: A Playground for the Crypto Elite
But wait, there’s more! Ethena is expanding its empire on the BNB Chain, thanks to new alliances, money markets, and protocol integrations. And let’s not forget USDtb, a fiat-backed stablecoin aiming for GENIUS compliance, and Converge, a collaboration with Securitize and BlackRock tokenization partners. Institutional-grade real-world assets on the blockchain? How dreadfully sophisticated! 🕶️
Guy Young, Founder and CEO of Ethena Labs, declared with a flourish, “With USDe now scaling across exchanges, DeFi protocols, and global user bases, that vision is becoming a reality.” Oh, Guy, you visionary! 🌈
And in a twist that would make even the most jaded socialite gasp, this announcement follows B Strategy’s plan to create a BNB treasury with an initial $1 billion investment. Supported by YZi Labs, it aims to fund innovative projects and community efforts within the BNB Chain ecosystem. How utterly philanthropic! 🤝
YZi Labs, ever the arbiter of digital finance, sees USDe as the backbone of this brave new world-a blend of stability, yield, and mainstream adoption. Darling, it’s enough to make one swoon! 💖
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2025-09-19 20:37