Ethena to Launch iUSDe for Traditional Finance in 2025

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Ethena intends to debut iUSDe in the year 2025, serving as a connection between cryptocurrency and conventional finance. It offers attractive interest rates to both individual investors and financial institutions.

In the dynamic field of cryptocurrencies, Ethena, a rapidly expanding force, envisions grand ambitions for the year 2025. This platform has made remarkable advancements in 2024, managing to boost its supply to an impressive $6 billion within a mere ten months. The keys to Ethena’s success lie in its pioneering DeFi (Decentralized Finance) and CeFi (Centralized Finance) solutions. By the year 2025, the company aims to delve even further, intending to explore traditional finance realms as well.

2024 saw Ethena as one of the leading assets within the crypto sector, trailing only Tether (USDT) and USD Coin (USDC), both backed by dollars. In just a few hours, its supply swelled to $5 billion, setting a record for the most rapid expansion in crypto history. Ethena reached an annual revenue of over $1.2 billion.

The demand for USDe, their product, was sky-high within the realm of decentralized applications. Furthermore, they had formed strategic partnerships with prominent figures in the cryptocurrency industry.

Ethena Targets Traditional Investors with iUSDe Savings Product

2025 is eagerly anticipated by Ethena, who plans to introduce a new product called iUSDe aimed at conventional financial institutions. This innovative offering promises substantial returns on cryptocurrency-based savings products, making it an attractive choice for investors such as asset managers, pension funds, and the like. By taking this step, Ethena is bridging the gap between traditional finance and crypto markets.

Beyond this, Ethena is teaming up with Telegram to introduce a novel app. This app will empower users to transfer, invest, and save funds utilizing sUSDe, a newly developed stablecoin tied to real-world assets. Essentially, it’s about offering a straightforward, user-friendly method for managing finances directly on mobile devices, aiming to engage 1 billion people globally.

Ethena is expanding its reach by teaming up with fresh protocols to incorporate sUSDe for lending, borrowing, and trading. Additionally, the firm is contemplating fixed-rate loans and innovative derivative products that will bolster its standing within the decentralized finance sector. Currently, the ENA price stands at 1.234, marking a 30% surge over the past 30 days.

Ultimately, Ethena’s team is set to put their strategies into action and revolutionize the financial sector. With a conducive economic climate featuring decreasing interest rates, the company stands strongly positioned to prosper. Ethena is venturing into conventional finance and mobile applications with the aim of transforming global money management practices as early as 2025. Users of Ethena can look forward to an exciting future!

 

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2025-01-05 15:19