Posteo
Mhizeffizy
Ethena posted:
EtherFi is about to launch its own stablecoin supported by Ethena Whitelabel.
EtherFi holds over $300 million in stablecoin deposits on its platform. Ethena will be responsible for @ether_fi's reserves, minting, redemption, and compliance matters.
Ethena will manage the US dollar end-to-end.
Since launching its pioneering Cash card in 2024, EtherFi's cumulative spending has approached $1 billion, with over 100,000 active cards.
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