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