๐Ethena Labs, the brains behind USDe, is making Bitcoin (BTC) a collateral for its synthetic dollar-pegged product. This move is expected to scale USDe's current $2 billion supply significantly.๐ With Bitcoin open interest on the rise, USDe could scale by a whopping 2.5 times! Ethena assures this will provide better liquidity and a more "safe" and "robust" product for USDe token holders. They're shaking things up by reducing reliance on the traditional banking system. What's your take on this? Comment below!๐ #CryptoNews #EthenaLabs #Bitcoin