Ethena (ENA), a decentralized finance protocol, has launched a stablecoin
USDtb that is backed by
BlackRock's tokenized Real World Asset (RWA), which is drawing significant attention from investors.
ENA's collaboration with
World Liberty Financial, led by
Donald Trump, and its increasing purchase of crypto assets further boosted the public interest in them. The launch of USDtb circumvented risks associated with USD and showcased stellar Total Value Locked (TVL) of $65 million on the first day. Backing from Tokenized funds by
BlackRock significantly adds to the credibility of USDtb.
Ethena's other stablecoin
USDe is faring well in the market and gained prominence over its rival Dai. There is speculation of a substantial surge in ENA's price, with predictions of a 300% increase by 2025. Ethena, in recent news, dismissed inaccurate claims over ENA token staking and is innovatively improving potential airdrop eligibility through Shards. In another significant development, a proposal has been put forth by the Ethena community to use
Solana (SOL) to back the
USDe Stablecoin. However, some significant selling from top holders signals bearish sentiments, and investors are advised caution.
ENA Coin News Analytics from Thu, 28 Mar 2024 12:24:32 GMT to Wed, 18 Dec 2024 18:00:52 GMT -
Rating 7
- Innovation 8
- Information 7
- Rumor -5
