Some of crypto’s largest funds and exchanges are betting on a new dollar-pegged stablecoin backed entirely by Ether and Ether derivatives. Ethena Labs, the company behind the new USDe stablecoin and a yield-bearing version called sUSDe, has raised $14 million in a round that includes crypto venture capital firms Dragonfly, Brevan Howard Digital, and Avon Ventures. An Ethena spokesperson noted that the Brevan Howard funding deal has not closed. Crypto derivatives exchanges Binance, Bybit, OKX, Deribit, Gemini, and Kraken participated in an earlier $6 million round led by Dragonfly and Arthur Hayes, the founder of crypto exchange BitMEX.
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Mkt Cap $2.29T
BTC Dom 56.78 %
BTC
$64,873.00
▲ +0.90%
ETH
$1,912.43
▲ +0.50%
USDT
$0.999514
▲ +0.00%
BNB
$591.73
▲ +0.10%
USDC
$0.999732
▲ +0.00%
XRP
$1.02
▼ -1.40%
SOL
$73.60
▲ +1.40%
TRX
$0.327541
▲ +0.10%
FIGR_HELOC
$1.03
▲ +2.30%
HYPE
$54.07
▼ -3.60%
DOGE
$0.069568
▲ +1.00%
USDS
$0.999868
▲ +0.00%
RAIN
$0.012713
▲ +1.20%
LEO
$9.76
▲ +0.00%
ZEC
$511.09
▲ +3.30%
ADA
$0.200661
▲ +0.10%
XMR
$378.48
▲ +2.40%
WBT
$56.11
▲ +0.70%
LINK
$8.18
▲ +0.00%
XLM
$0.161234
▼ -0.20%
DAI
$0.999972
▲ +0.00%
BCH
$214.66
▲ +1.00%
USD1
$0.999917
▲ +0.00%
USDE
$0.999759
▲ +0.00%
GRAM
$1.35
▼ -1.40%
Mkt Cap $2.29T
BTC Dom 56.78 %
BTC
$64,873.00
▲ +0.90%
ETH
$1,912.43
▲ +0.50%
USDT
$0.999514
▲ +0.00%
BNB
$591.73
▲ +0.10%
USDC
$0.999732
▲ +0.00%
XRP
$1.02
▼ -1.40%
SOL
$73.60
▲ +1.40%
TRX
$0.327541
▲ +0.10%
FIGR_HELOC
$1.03
▲ +2.30%
HYPE
$54.07
▼ -3.60%
DOGE
$0.069568
▲ +1.00%
USDS
$0.999868
▲ +0.00%
RAIN
$0.012713
▲ +1.20%
LEO
$9.76
▲ +0.00%
ZEC
$511.09
▲ +3.30%
ADA
$0.200661
▲ +0.10%
XMR
$378.48
▲ +2.40%
WBT
$56.11
▲ +0.70%
LINK
$8.18
▲ +0.00%
XLM
$0.161234
▼ -0.20%
DAI
$0.999972
▲ +0.00%
BCH
$214.66
▲ +1.00%
USD1
$0.999917
▲ +0.00%
USDE
$0.999759
▲ +0.00%
GRAM
$1.35
▼ -1.40%
BTC
$64,873.00
▲ +0.90%
ETH
$1,912.43
▲ +0.50%
USDT
$0.999514
▲ +0.00%
BNB
$591.73
▲ +0.10%
USDC
$0.999732
▲ +0.00%
XRP
$1.02
▼ -1.40%
SOL
$73.60
▲ +1.40%
TRX
$0.327541
▲ +0.10%
FIGR_HELOC
$1.03
▲ +2.30%
HYPE
$54.07
▼ -3.60%
DOGE
$0.069568
▲ +1.00%
USDS
$0.999868
▲ +0.00%
RAIN
$0.012713
▲ +1.20%
LEO
$9.76
▲ +0.00%
ZEC
$511.09
▲ +3.30%
ADA
$0.200661
▲ +0.10%
XMR
$378.48
▲ +2.40%
WBT
$56.11
▲ +0.70%
LINK
$8.18
▲ +0.00%
XLM
$0.161234
▼ -0.20%
DAI
$0.999972
▲ +0.00%
BCH
$214.66
▲ +1.00%
USD1
$0.999917
▲ +0.00%
USDE
$0.999759
▲ +0.00%
GRAM
$1.35
▼ -1.40%
Mkt Cap $2.29T
BTC Dom 56.78 %
BTC
$64,873.00
▲ +0.90%
ETH
$1,912.43
▲ +0.50%
USDT
$0.999514
▲ +0.00%
BNB
$591.73
▲ +0.10%
USDC
$0.999732
▲ +0.00%
XRP
$1.02
▼ -1.40%
SOL
$73.60
▲ +1.40%
TRX
$0.327541
▲ +0.10%
FIGR_HELOC
$1.03
▲ +2.30%
HYPE
$54.07
▼ -3.60%
DOGE
$0.069568
▲ +1.00%
USDS
$0.999868
▲ +0.00%
RAIN
$0.012713
▲ +1.20%
LEO
$9.76
▲ +0.00%
ZEC
$511.09
▲ +3.30%
ADA
$0.200661
▲ +0.10%
XMR
$378.48
▲ +2.40%
WBT
$56.11
▲ +0.70%
LINK
$8.18
▲ +0.00%
XLM
$0.161234
▼ -0.20%
DAI
$0.999972
▲ +0.00%
BCH
$214.66
▲ +1.00%
USD1
$0.999917
▲ +0.00%
USDE
$0.999759
▲ +0.00%
GRAM
$1.35
▼ -1.40%
