ExchangeDEX+

Buy Crypto Markets Spot FuturesGOLD Earn Event Center

YZi Labs has invested further into Ethena to push USDe adoption across more chains and platforms, while also assisting with the development of a new stablecoin. Tech-focused venture capital firm YZi Labs has increased its stake in Ethena, the stablecoin issuer behind USDe, which will assist the digital dollar’s adoption across decentralized and centralized platforms.The investment will assist USDe’s — the third-largest stablecoin — expansion on the BNB Chain while enabling the Ethena to continue building its USDtb stablecoin and an institutional settlement layer “Converge,” Changpeng Zhao’s YZi Labs said in a statement on Friday.USDtb is backed by short-duration treasury assets, including BlackRock's BUIDL, while Converge is an Ethereum Virtual Machine-compatible chain focused on tokenizing real-world assets. The move supports YZi’s mission to “support open, scalable digital dollar infrastructures that can serve as a backbone of efficiency and liquidity for the entire financial ecosystem.”Read more YZi Labs has invested further into Ethena to push USDe adoption across more chains and platforms, while also assisting with the development of a new stablecoin. Tech-focused venture capital firm YZi Labs has increased its stake in Ethena, the stablecoin issuer behind USDe, which will assist the digital dollar’s adoption across decentralized and centralized platforms.The investment will assist USDe’s — the third-largest stablecoin — expansion on the BNB Chain while enabling the Ethena to continue building its USDtb stablecoin and an institutional settlement layer “Converge,” Changpeng Zhao’s YZi Labs said in a statement on Friday.USDtb is backed by short-duration treasury assets, including BlackRock's BUIDL, while Converge is an Ethereum Virtual Machine-compatible chain focused on tokenizing real-world assets. The move supports YZi’s mission to “support open, scalable digital dollar infrastructures that can serve as a backbone of efficiency and liquidity for the entire financial ecosystem.”Read more

Changpeng Zhao’s YZi Labs deepens stake in stablecoin issuer Ethena

2025/09/21 08:39

YZi Labs has invested further into Ethena to push USDe adoption across more chains and platforms, while also assisting with the development of a new stablecoin.

Tech-focused venture capital firm YZi Labs has increased its stake in Ethena, the stablecoin issuer behind USDe, which will assist the digital dollar’s adoption across decentralized and centralized platforms.

The investment will assist USDe’s — the third-largest stablecoin — expansion on the BNB Chain while enabling the Ethena to continue building its USDtb stablecoin and an institutional settlement layer “Converge,” Changpeng Zhao’s YZi Labs said in a statement on Friday.

USDtb is backed by short-duration treasury assets, including BlackRock's BUIDL, while Converge is an Ethereum Virtual Machine-compatible chain focused on tokenizing real-world assets.

The move supports YZi’s mission to “support open, scalable digital dollar infrastructures that can serve as a backbone of efficiency and liquidity for the entire financial ecosystem.”

Market Opportunity

Binance Coin Price(BNB)

$874.48

$874.48$874.48

-3.41%

USD

Binance Coin (BNB) Live Price Chart

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.