š„š„š„$14 million investment in the company announced by Binance: they released a new Stablecoin
Etherna Labs, one of the companies announced by the #Binance exchange yesterday, received an investment of $ 14 million and reached a valuation of $ 300 million. The company also released a stablecoin called USDe.
Yesterday was the 6th of Binance's incubation program. Etherna Labs, one of the 3 companies that announced investments within the scope of the season, announced that it raised $ 14 million in the investment round. The company has also reached a valuation of $ 300 million.
The investment round was led by venture capital firm Dragonfly, also known as VC, and Maelstrom, the firm of famous cryptocurrency trader Arthur Hayes.
I didn't need any more cash!
Ethena company had announced that it aimed to raise $ 50 million in the investment round, but later in a statement, it was stated that $ 14 million was enough because āno more cash is neededā. CEO and founder Guy Young stated that the investment round started at the end of December and ended this week.
Arthur Hayes: It will rival Tether
Ethena has also officially announced its stablecoin called USDe. The total value of locked-in assets at Ethena, which announced the project in December, also exceeded $ 224 million. Arthur Hayes, in a statement on the subject, said, āI think this figure will exceed $ 1 billion. The USDe will be an important competitor to Tether,ā he said. Hayes is also one of Ethena's consultants.
Ethena is also a company founded with inspiration from the writing of Arthur Hayes... Hayes' regular blog posts are also constantly followed by cryptocurrency analysts and journalists.
