YZi Labs Bolsters Ethena Labs as USDe Stablecoin Surpasses $13B TVL
YZi Labs, the venture arm formerly associated with Binance, has deepened its investment in Ethena Labs, the creator of synthetic dollar protocol USDe. The stablecoin’s total value locked (TVL) has eclipsed $13 billion, cementing its position as the third-largest USD-pegged asset in crypto. Institutional and retail adoption continues to accelerate, reflecting confidence in its delta-neutral yield model.
The increased stake signals strategic alignment with Ethena’s vision for decentralized financial infrastructure. USDe’s rapid growth underscores demand for crypto-native stable assets untethered from traditional banking systems. Market participants now treat the synthetic dollar as a Core building block for both DeFi and centralized trading venues.
