YZi Labs, formerly Binance Labs, is increasing its investment in Ethena Labs to help grow the use of USDe on centralized and decentralized platforms and expand into the BNB Chain. They are also supporting the development of new stablecoin products, USDtb and Converge. Ethena’s total value locked (TVL) has surpassed $13 billion, reflecting strong adoption and growth in the project’s ecosystem. This partnership aims to fuel further innovation and market reach.
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