YZi Labs Expands Ethena Investment to Boost USDe and Digital Dollar Infrastructure

• YZi Labs expands its Ethena stake to accelerate USDe adoption across ecosystems.
• Investment supports USDe’s BNB Chain growth, USDtb stablecoin, and Converge.
• Ethena stated its aim to scale digital dollar infrastructure with yield-bearing assets.

YZi Labs has expanded its investment in Ethena, the issuer behind the synthetic stablecoin USDe, to accelerate the digital dollar adoption across decentralized and centralized platforms. The increased stake from Changpeng Zhao’s investment firm will aid in USDe’s continued expansion and also support the development of new infrastructure products.

The investment will specifically assist USDe’s growth on BNB Chain while allowing Ethena to advance its USDtb stablecoin and institutional settlement layer called Converge. According to Friday’s statement, USDtb operates with backing from short-duration treasury assets, including…

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