YZi Labs, formerly known as Binance Labs, has just announced increased investment and support for Ethena Labs – one of the most prominent decentralized finance (DeFi) projects today. This move is not only to expand the scope of USDe's application, but also to help Ethena go further in covering both centralized and decentralized platforms.
The highlight of the new partnership is that USDe will be deployed on BNB Chain, a blockchain ecosystem with a high user base and fast growth rate. At the same time, Ethena also introduced two new products: USDtb and Converge, promising to bring more options to the investor community as well as financial institutions that want to access DeFi more safely and effectively.
According to the latest figures, Ethena’s total value locked (TVL) has surpassed the $13 billion mark, making the project one of the most influential DeFi platforms globally. This shows the growing demand for Decentralized Stablecoin solutions, especially in the context of the cryptocurrency market looking for stability in the face of international political and economic fluctuations.
