4 hours ago

Former Binance Labs YZi Increases Ethena Stake as USDe TVL Hits $13B — What Do They Know?

YZi Labs, formerly Binance Labs, deepened its stake in Ethena Labs as USDe synthetic stablecoin reached $13 billion TVL with the fastest growth trajectory to cross $10B in crypto history, funding expansion across CEXs and DeFi platforms while developing GENIUS Act-compliant USDtb and institutional settlement layer Converge despite European regulatory friction that forced German market withdrawal.

The post Former Binance Labs YZi Increases Ethena Stake as USDe TVL Hits $13B — What Do They Know? appeared first on Cryptonews.

Source: Cryptonews →