Nov 14th, Panama – Global digital asset exchange Gate.io has announced the upcoming launch of its USDE wealth management products, which include USDE Staking and USDE Simple Earn, set to release on November 15 16:00:00, 2024 (UTC+8), as well as the s

Nov 14th, Panama – Global digital asset exchange Gate.io has announced the upcoming launch of its USDE wealth management products, which include USDE Staking and USDE Simple Earn, set to release on November 15 16:00:00, 2024 (UTC+8), as well as the s

Decentralized finance protocol Ethena, known for its synthetic dollar USDe, could onboard Solana’s native token SOL as a backing asset for the stablecoin. The community is now considering an Oct. 10 proposal from Ethena Labs that recommends an alloca

Ethena proposes Solana as a reserve asset for USDe. This move has increased the value of ENA significantly. Continue Reading:Ethena Proposes Solana as a Reserve Asset for USDe The post Ethena Proposes Solana as a Reserve Asset for USDe appeared first

The move is Ethena's latest initiative to keep growing the $3 billion supply of USDe.

The company said it's confident the Solana integration will significantly increase adoption of its USDe stablecoin.

The move aims to reverse Ethena’s dropping market capitalization.