Key Notes

Investment firm formerly known as Binance Labs strengthens position in synthetic stablecoin provider amid sector growth.

Funding will drive USDe adoption through exchange partnerships, BNB Chain expansion, and institutional settlement solutions.

ENA token experiences 24% decline from recent highs despite strategic backing, trading around $0.67 currently.

YZi Labs , formerly Binance Labs, a major digital asset investment firm, announced today, September 19, that it has boosted its stake in Ethena Labs following the rapid expansion of Ethena’s synthetic stablecoin, USDe , which recently surpassed $14 billion in market capitalization. The move solidifies YZi Labs’ role as a key institutional backer of Ethena and highlights increasing interest in synthetic dollar solutions wit

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