Ethena raises $100 million, expands into traditional finance
rnAccording to Bloomberg , DeFi protocolEthenahas just completed a $100 million funding round from major investment funds Franklin Templeton, F-Prime Capital (a venture capital firm affiliated with Fidelity Investments), Dragonfly Capital, Polychain...
According to Bloomberg , DeFi protocolEthenahas just completed a $100 million funding round from major investment funds Franklin Templeton, F-Prime Capital (a venture capital firm affiliated with Fidelity Investments), Dragonfly Capital, Polychain Capital, and Pantera Capital.
The new capital will help Ethena grow its applications forstablecoin USDe(also known as the "synthetic dollar") and developing iUSDe , a version of the stablecoin specifically designed to meet the requirements of traditional financial institutions (TradFi). In addition, Ethena also plans to launch its own blockchain, using the raised capital to develop the ecosystem.
