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CZ's Family Office Deepens Stake in Ethena Labs as USDe Stablecoin Supply Tops $13B
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TL;DR
YZi Labs, CZ's family office, deepens its investment in Ethena Labs, the protocol behind USDe stablecoin, which has surpassed $13 billion in circulation. Ethena is expanding its offerings to bridge crypto and traditional finance, including a fiat-backed stablecoin and an institutional settlement layer.
Summary
YZi Labs, CZ's family office, deepens its investment in Ethena Labs, the protocol behind USDe stablecoin, which has surpassed $13 billion in circulation. Ethena is expanding its offerings to bridge crypto and traditional finance, including a fiat-backed stablecoin and an institutional settlement layer.
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