YZi Labs just cranked up the investment dial on Ethena Labs. Why? To make the USDe stablecoin the next big thing in the crypto world. Bold, right?
So, here’s the deal: YZi Labs has decided to pump even more money into Ethena Labs. Apparently, USDe is now the third-largest, fastest-growing USD-denominated crypto asset. But wait, this isn’t just about bragging rights-no, no, it’s all about building the “next-gen” digital dollar infrastructure. You know, that thing the financial world has been “waiting for” forever. Efficiency and liquidity-sounds like a dream, doesn’t it?
USDe Stablecoin: Because Who Doesn’t Want a Digital Dollar That’s Bigger Than Ever?
For those keeping score at home, YZi Labs-remember them from their “Binance Labs” days? Yeah, they were one of Ethena’s first investors, back when the whole idea was still just a twinkle in someone’s eye. This was back in Season 6 of the Incubation Program in 2024 (yes, we’re talking that long ago). Ethena had about that sort of thing.
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And get this-YZi Labs is *really* into Ethena’s approach. Forget your boring, old-fashioned banks. These guys wanted to see stablecoins generate yield *without* relying on those systems. A radical concept, I know, but hey, it seems to be working.
Fast-forward to now, and USDe is a monster. The third-largest dollar asset in crypto, and it just zoomed past the $10 billion mark. Plus, Ethena’s locked value (TVL) is sitting pretty at $13 billion. They’re all over the place: from centralized exchanges to the DeFi world. It’s kind of a big deal, if you ask me.
What’s Next? YZi Labs and Ethena Want to Rule Both CeFi AND DeFi (Yeah, You Read That Right)
But wait, there’s more! YZi Labs is also helping Ethena grow its presence on the BNB Chain. It’s already been rolling out since April, and now it’s going to integrate into more money markets, protocols, and other ecosystem stuff. The expansion never ends.
And because they can’t just stop there, Ethena’s cooking up USDtb, a fiat-secured stablecoin with the goal of GENIUS compliance. Yeah, I said GENIUS. Not to be outdone, they’re also launching Converge-a settlement layer built with Securitize and BlackRock. It’s all about moving traditional assets onto the blockchain. Because, sure, why not?
Guy Young, the big boss over at Ethena, is thrilled about the new partnership. He says, “We’re super excited to take things to the next level with YZi Labs. Stable, yield-generating assets are the holy grail of digital dollar distribution!” Yeah, I’m sure that’s exactly how he said it.
TVL’s still climbing, and with YZi Labs backing it up, you can bet Ethena’s not slowing down anytime soon. So, buckle up-this ride to build a liquid, efficient digital dollar infrastructure is just getting started.
Bottom line: YZi Labs is doubling down on Ethena because they believe in USDe. They want to make sure the stablecoin dominates both CeFi and DeFi. And, honestly, who wouldn’t want to be part of that? 😉
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2025-09-20 05:40