First Bitcoin-backed synthetic dollar to launch with 25% yield
Hermetica has announced the launch of the first-ever Bitcoin-backed synthetic United States dollar with yield-generating capabilities in the latest development for Bitcoin-native decentralized finance (DeFi). Slated for release in June,…
Ethena Labs adds Bitcoin backing to its USDe synthetic dollar
Ethena Labs, the team behind the USDe, has added Bitcoin (BTC) as collateral to its synthetic dollar-pegged product with the hopes of scaling “significantly” from its current $2 billion supply.…
Ethena to Launch Token Airdrop Following Synthetic Stablecoin USDe Success
Ethena is set to launch a new airdrop, marking the next phase in its expansion following the success of its synthetic stablecoin, USDe. The company announced that April 2, 2024,…
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