Ethena's Partnership with TON: Aiming for a $4 Surge in TONUSDT
Ethena Labs collaborates with TON Foundation to integrate the USDe stablecoin, targeting Telegram's vast user base. Is a rise above $4 for TONUSDT on the horizon?
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Ethena Labs collaborates with TON Foundation to integrate the USDe stablecoin, targeting Telegram's vast user base. Is a rise above $4 for TONUSDT on the horizon?
The investment will enhance adoption of synthetic dollars in decentralized finance.
Ethena Labs has adopted Chaos Labs' Edge Proof of Reserves oracles to improve the risk management of its synthetic USDe token, ensuring transparency and security.
Ethena has raised $100 million to develop the USDe stablecoin, now valued at around $6 billion, becoming the third largest in the market.
Despite market fluctuations, the USDe synthetic stablecoin has managed to maintain stability with its market cap exceeding $6 billion.
Ethena Labs is proposing to incorporate the Solana (SOL) cryptocurrency into the collateral backing its USDe stablecoin, pending approval from its Risk Committee.
Expert commentary highlights the resilience of USDe amid recent market turmoil while addressing possible coordinated attacks and internal issues on exchanges.
A deep dive into the depegging of the USDe stablecoin on Binance reveals insights from Ethena's founder regarding potential internal mishaps and market implications.

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