YZi Labs Doubles Down on Ethena Labs as USDe Shoots for the Moon!

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Well, folks, it looks like YZi Labs (formerly known as Binance Labs – you know, the digital money moguls) is all in on Ethena Labs. Big news just dropped on September 19: YZi’s cranking up their stake in Ethena, thanks to the wild ride of Ethena’s synthetic stablecoin, USDe, which just surged past $14 billion in market cap. Guess they really like the smell of synthetic dollars in the morning. 💸

– YZi Labs (@yzilabs) September 19, 2025

Strategic Funding? Or Just Throwing Money at the Problem?

Now, with a total value locked (TVL) in Ethena soaring past $14 billion (yes, you read that right, according to DefiLlama), YZi’s cash injection will focus on three things: getting USDe listed on more exchanges, expanding tech on BNB Chain, and rolling out shiny new products like the fiat-backed USDtb stablecoin and the Converge institutional settlement layer. And who doesn’t want to see a few new toys on the digital playground? 🛠️

What’s this going to do? Well, supposedly it’s going to push USDe into more decentralized and centralized platforms, making it all the rage in the stablecoin and DeFi ecosystems. You know, just the usual world domination plans. 😎

“We’re thrilled to deepen our partnership with YZi Labs, a long-standing and strategic backer. The holy grail of digital dollar distribution has always been embedding stable, yield-bearing assets directly into the core of the crypto economy. With USDe now scaling across exchanges, DeFi protocols, and global user bases, that vision is becoming a reality,” said Guy Young, Founder & CEO of Ethena Labs. Yup, he’s feeling the love.

ENA Token: Volatile, But So Hot Right Now

So, while all this is going on, Ethena’s native token, ENA, is throwing a bit of a tantrum in the market. We’ve seen a drop of 24% from its recent high of $0.8077, and it’s now testing the 50-day exponential moving average (EMA) for support. It’s like watching a soap opera-who’s going to break first? 📉

Last week, ENA hit a low of $0.6546 and is now hovering around $0.67. Looks like it took a 4-5% nosedive on the day of the announcement, and a whole 24% drop from earlier highs. (You know, the usual crypto rollercoaster.) Hold onto your hats, folks, because this ride’s not over yet! 🎢

But hey, don’t write them off just yet. Since the beginning of the year, Ethena Labs has been laying out a bold roadmap for 2025, and guess what? USDe’s market cap keeps climbing. They’re even planning to introduce USDtb to the US banking system through Anchorage Digital. You think this is a “one-off”? Think again. Today’s announcement is just the latest chapter in their ongoing crypto saga. 📚

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2025-09-20 04:02