16 Feb 202413:01
Project update
Ethena Labs has raised $14M and launched the USDe stablecoin
The Dragonfly, Brevan Howard Digital and Arthur Hayes' office co-led the funding round. Other investors included PayPal Ventures, Franklin Templeton, Fidelity via Avon Ventures. Ethena also launched its USDe stablecoin that quickly saw over $224M in TVL.