Ethena's Vision for Convergence of DeFi, CeFi, and TradFi

Friday, 10 May 2024, 20:37

Discover how Ethena Labs is revolutionizing the financial sector with its new roadmap that integrates DeFi, CeFi, and TradFi. The strategy focuses on the USDe stablecoin, aiming to enhance financial ecosystems and reshape market foundations.

https://store.livarava.com/5a2821ff-0f0d-11ef-a6c2-63e1980711b2.jpg — Ethena's Vision for Convergence of DeFi, CeFi, and TradFi

Ethena's Vision: DeFi, CeFi, TradFi Convergence

Ethena Labs presented its new roadmap, promising a convergence between DeFi, CeFi, and TradFi.

Its synthetic stablecoin, USDe, aims to replicate what Tether's USDT did in 2014 and MakerDAO did in 2017.

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After launching its roadmap, Ethena’s native token, ENA, soared more than 8%, rising from $0.85 to $0.93.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.