🚀 Ethena Labs, developer of USDe stablecoin, raises a whopping $14M in a strategic funding round! 🌐 With a total valuation of $300M, the company is set to expand its team and operations in Asia. 💼

🔹 USDe operates on Ethereum and is collateralized by derivatives, ensuring price stability through delta-neutral hedging.

🔹 Ethena Labs also offers an "internet bond" with an annualized yield of 12-20% over the past two months.

🔹 The company officially announces the public launch of USDe stablecoin, with over $224M in total value locked (TVL).

💬 What are your thoughts on USDe and its potential impact on the crypto market? Share your insights in the comments below! 👇