Ethena Labs Raises $100M For TradFi Expansion With New Token

Feb 24, 2025 04:00 pm Cryptocurrency 129

Key Takeaways:

Ethena raised $100 million in a private token sale led by Franklin Templeton and F-Prime Capital.

The proceeds from this will help create a new token for TradFi and Ethena’s own blockchain.

USDe, the stablecoin of Ethena, remains over 100% collateralized, signs of which can also be seen in the risk management approach taken towards trending hacks on exchanges.

To recap, the innovative USDe “synthetic dollar” stablecoin developed by Ethena Labs is making waves once again. Hot on the heels of establishing an impressive presence in the DeFi space, the firm has quietly raised a sizable funding round to unveil a new token that targets traditional finance (TradFi) players directly.