YZi Labs Ramps Up Ethena Support as USDe Shatters $13B Milestone
YZi Labs just doubled down on Ethena—and the timing couldn't be more strategic. USDe's market cap just blasted past $13 billion, cementing its position as one of crypto's fastest-growing synthetic dollars.
Why the surge? Institutions are flocking to yield-bearing stablecoins that actually work beyond traditional finance's creaky plumbing. While banks offer fractions of a percent, USDe delivers real yield in a market starving for returns.
Ethena's architecture—built on Ethereum—bypasses legacy intermediaries entirely. No banks. No borders. Just code generating yield where traditional finance can't even compete.
Of course, the usual suspects will call it risky. They always do when something threatens their 1% returns and 2% management fees. Meanwhile, DeFi keeps eating their lunch—one billion at a time.
Expanding Ethena’s Reach on BNB Chain
Ethena now commands more than $13 billion in total value locked (TVL) and integrates across leading DeFi platforms and centralized exchanges. Additionally, through new alliances, money markets, and protocol integrations, the protocol is growing its presence on the BNB Chain.
With the backing of YZi Labs, Ethena boosts the adoption of USDe across centralized and decentralized finance. This partnership will also speed up the creation of USDtb, a fiat-backed stablecoin aiming for GENIUS compliance, along with the rollout of Converge.
Converge was developed in collaboration with Securitize and BlackRock tokenization partners. It aims to introduce institutional-grade real-world assets (RWAs) to blockchain networks.
Guy Young, Founder and CEO of Ethena Labs, said, “With USDe now scaling across exchanges, DeFi protocols, and global user bases, that vision is becoming a reality.”
This announcement follows B Strategy’s recent plan to create a BNB treasury with an initial $1 billion investment. The initiative supported by YZi Labs aims to fund innovative projects and community efforts within the BNB Chain ecosystem.
YZi Labs sees USDe as the backbone of digital finance, blending stability, yield, and mainstream adoption into one growing ecosystem.
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