Big news in the world of cryptocurrency! A company called Ethena just got $100 million to make a special kind of digital money called a stablecoin. It's like a digital dollar, but it works differently. This new stablecoin, called iUSDe, is made for banks and other big financial companies.
- Ethena's stablecoin, USDe, is already super popular, reaching $6 billion in value!
- It's different because it doesn't use real dollars as backup. It uses other digital money and special financial tricks to stay at a steady price.
- Some smart investors think USDe is a safe place to keep money when the crypto market gets wobbly.
| Fact | Number |
|---|---|
| Money raised by Ethena | $100 million |
| USDe's market value | $6 billion |
| USDT market value | $142 billion |
| USDC market value | $57 billion |
