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YZi Labs increases stake in Ethena (ENA) as TVL tops $14B

I

By Invezz Markets

4 months ago

Article Summary

Crypto Yield Growth [https://invezz.com/wp-content/uploads/2025/06/image-2025-06-19T083152.239.png] YZi Labs, formerly Binance Labs, has confirmed increasing its position in Ethena, the platform behind the synthetic dollar stablecoin USDe. Such a move indicates confident and renewed dedication to fueling USDe’s prosperity story. The YZi team aims to increase the stablecoin’s utility across decentralized finance (DeFi) and centralized exchanges (CEXs). Their official press release highlights: > This continued support will help Ethena further drive USDe adoption across both CEXs and DeFi, expand stablecoin utilities, advance USDtb – a fiat-backed stablecoin pursuing GENIUS compliance – and launch Converge, a settlement layer developed with Securitize and BlackRock’s tokenization partners to bring TradFi-grade RWAs on-chain. Ethena Ecosystem [https://pbs.twimg.com/profile_images/1958911773945311233/-Uwm9GIs_normal.jpg] Ethena Ecosystem @Ethena_Eco ·Follow We’re excited to deepen our partnership with @yzilabs YZi Labs will support our continued growth as we expand USDe adoption across centralized and decentralized platforms, scale on BNB Chain, and develop new products 7:19 PM · Sep 19, 2025 183 Reply Copy link Read 6 replies YZi Labs’ decision comes as Ethena blockchain thrives, with total value locked soaring from $5.7 billion in July to $14.153 billion…

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About This Story

Published:September 19, 2025 at 04:10 PM

Source:Invezz Markets

Category:News

Reading Time:~2 min on source

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