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➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
Ethena to Launch iUSDe in February, Targeting Traditional Finance Integration
Ethena is set to launch its new product, iUSDe, in February 2025. This synthetic dollar aims to attract traditional finance (TradFi) investors. Built on Ethena’s existing synthetic dollar, sUSDe, iUSDe introduces a wrapper contract with token-level transfer restrictions
Ethena Targets Institutional Partnerships for iUSDe
Ethena plans to partner with traditional finance firms to distribute iUSDe effectively. The company expects to announce key partners by January 2025. These partners will include asset managers, private credit funds, exchange-traded product providers, and investment trusts
Currently, Ethena’s synthetic dollar, sUSDe, offers an annual percentage yield (APY) of 10%. Over 368,000 investors have invested $5.85 billion in the product. Ethena believes iUSDe will enhance its appeal to institutional investors
Synthetic Dollar’s Role in Global Finance
Ethena’s synthetic dollar targets the $190 trillion fixed-income market. This market remains the largest liquid investment class globally. Ethena believes iUSDe can meet institutional demand for a reliable dollar-based yield product
The company predicts strong demand for its synthetic dollar product. Ethena expects iUSDe to become a core financial tool for traditional investors. The product aims to deliver stable yields while addressing liquidity needs
Ethena Achieves Rapid Growth Milestones
Ethena achieved $100 million in revenue within 251 days, becoming the second-fastest protocol to hit this milestone. The company’s synthetic dollar, USDe, is now the third-largest dollar-based crypto product. It follows only Circle’s USDC and Tether’s USDT
In under 10 months, USDe earned significant market adoption. This success reflects increasing confidence in Ethena’s synthetic dollar solutions. The company aims to build on this momentum with iUSDe’s launch
Ethena plans to focus on expanding iUSDe’s use cases in 2025. The product will target institutional-grade financial strategies. This approach aims to bridge the gap between decentralized finance (DeFi) and traditional financial systems
The launch of iUSDe marks a significant step for Ethena’s market strategy. The company seeks to offer innovative financial solutions to traditional finance participants. With strategic partnerships and a clear roadmap, Ethena aims to establish iUSDe as a leading synthetic dollar product
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