Ethena Labs Expands USDE to Solana, Reveals Gradual SOL Integration

Quick Summary:

On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain.

This move brings USDE to the distributed ledger, with SOL now also being used as part of the stablecoin’s reserve backing.

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Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets: Japan

Topics: Ethena Labs Solana SOL backing Usde Cryptocurrency News Blockchain integration Governance vote Stablecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 19:30:34 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 21972833

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Headquarters: Japan

News Last Updated: 10 hours ago

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