Ethena’s USDe Stablecoin Raises $100M: A Tale of TradFi’s Embrace
What to know: Ethena raises $100 million to finance a stablecoin for TradFi institutions. Franklin Templeton and Fidelity Investments-affiliated F-Prime Capital among the investors. USDe maintains its peg by collateralizing stablecoins and taking futures positions. πΈ Ethena, the developer of the synthetic stablecoin USDe, has secured a whopping $100 million in funding to finance a … Read more