Ethena Labs Joins Forces with World Liberty Financial for sUSDe on Aave
- Ethena Labs’ sUSDe stablecoin integration on WLFI’s Aave-based protocol boosts DeFi liquidity and user rewards.
- WLFI’s ETH-focused strategy and Ethena’s secure stablecoins strengthen their roles as DeFi leaders.
Ethena Labs has partnered with World Liberty Financial (WLFI), a cryptocurrency project associated with President-elect Donald Trump, to enhance stablecoin liquidity on WLFI’s decentralized finance (DeFi) platforms.
A governance proposal has been submitted to integrate Ethena’s sUSDe stablecoin into WLFI’s Aave-based lending protocol. This update was recently shared in a tweet by Ethena Labs:
Ethena has entered into a strategic partnership with WLFI. A governance proposal has been submitted to add sUSDe to WLFI’s upcoming Aave instance as a core collateral asset.
If approved, users could earn rewards in both sUSDe and WLFI tokens, boosting liquidity and utilization rates.
Ethena Expands Stablecoin Offerings while WLFI Bolsters Ethereum Reserves
As reported by CNF News, Ethena Labs has also introduced USDtb, a stablecoin backed by BlackRock’s BUIDL fund. USDtb holds over 90% of its reserves in tokenized U.S. government debt and cash equivalents, ensuring a stable value for users.
This launch, alongside the integration of sUSDe, highlights Ethena’s commitment to providing secure and reliable stablecoins in the DeFi space. These initiatives aim to strengthen WLFI and Ethena’s positions as major players in decentralized finance.
WLFI has been actively shifting its stablecoin reserves into Ethereum (ETH), recently purchasing $50 million worth of ETH through decentralized exchanges like CoW Swap. This move positions ETH as WLFI’s largest reserve asset.
Currently, Ethereum (ETH) is trading at $3,667.07, reflecting a 4.66% decrease in the past day and a 6.53% drop over the past week, according to CoinMarketCap. See ETH price chart below.
Moreover, According to a recent CNF post , Ethena’s sUSDe stablecoin recently recorded a $119 million single-day inflow, signaling significant growth. Observers suggest WLFI’s strategy leverages Ethereum’s ecosystem to advance its DeFi initiatives.
Meanwhile, WLFI’s token sale, which began in October, has raised $55 million but remains short of its $300 million target. Proceeds are being reinvested into DeFi projects and assets such as AAVE and LINK.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether invests $775 million in Rumble
Dogecoin drops over 30% from its yearly high of $0.48
Mo Shaikh steps down as CEO of Aptos Labs
MetaMask users can now stake EOS coins