YZi Labs announces an increase in its stake in Ethena Labs.

On September 19, YZi Labs announced an increase in its stake in Ethena Labs, the protocol behind USDe, which is the fastest-growing and third-largest dollar-denominated encryption asset in history. The support from YZi Labs will drive Ethena's next phase of development, including deeper adoption of USDe on centralized and decentralized platforms, expansion on the BNB chain, and the development of new products such as USDtb (fiat-supported stablecoin) and Converge (institutional settlement layer).

ENA-3.96%
USDE-0.02%
BNB-0.79%
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