Will's Blog: Source: Ethena, which runs the USDe stablecoin, marketed as a "synthetic dollar" with a 9% yield and almost $6B in circulation, raised $100M in December 2024 (Ryan Weeks/Bloomberg)

24 February 2025

Source: Ethena, which runs the USDe stablecoin, marketed as a "synthetic dollar" with a 9% yield and almost $6B in circulation, raised $100M in December 2024 (Ryan Weeks/Bloomberg)

Ryan Weeks / Bloomberg:
Source: Ethena, which runs the USDe stablecoin, marketed as a “synthetic dollar” with a 9% yield and almost $6B in circulation, raised $100M in December 2024 — - Ethena raised capital through a private sale of ENA tokens — The project's stablecoin USDe is now among the world's largest

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