• Written by: Crypto Breaking News
• Fri, 16 Feb 2024
•   United Kingdom

On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key investors. Following this recent influx of funds and a previous $6.5 million investment from Maelstrom, overseen by Arthur Hayes, in July 2023, the company’s post-valuation has risen to $300 million. USDE Issuer Ethena Labs Raises $14M Ethena Labs, [...]The post $14M Capital Infusion Catapults Ethena Labs Valuation; Stablecoin Ranks 9th Largest appeared first on Crypto Breaking News.

$14M Capital Infusion Catapults Ethena Labs Valuation; Stablecoin Ranks 9th Largest

On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key investors. Following this recent influx of funds and a previous $6.5 million investment from Maelstrom, overseen by Arthur Hayes, in July 2023, the companys post-valuation has risen to $300 million. USDE Issuer Ethena Labs Raises $14M Ethena Labs, [] Source: Bitcoin.com

The post $14M Capital Infusion Catapults Ethena Labs Valuation; Stablecoin Ranks 9th Largest appeared first on Crypto Breaking News.