Ethena successfully raised $100 million in fundraising to fund its new Tradfi Token, known as Iusde. Explore more information to learn about this strategic move by Essena.
Ethena fundraising drives Tradfi
according to BloombergFefi deal Ethena, which has just completed a $100 million fundraising round from major investment funds, includes Franklin Templeton, F-Prime Capital, Dragonfly Capital, Polychain Capital and Pantera Capital.
The new funding will help Ethena expand its adoption of its stable USDE and develop IUSDE, a Stablecoin designed specifically for traditional financial institutions. Additionally, Ethena plans to launch its blockchain to use the capital raised to develop its ecosystem.
The Ethena Labs Development team said their main goal for the first quarter of this year is to work with financial service providers to enable its customers to easily access IUSDE without relying on crypto infrastructure, which is already part of that goal. 2025 Roadmap Ethena founder Guy Young announced in January. The move underscores Ethena’s efforts to connect cryptocurrencies to the traditional financial world.
Source: Coingecko
After news of a successful $100 million fundraising, $ENA’s revenue was $0.45, a slight increase from last week’s $0.36 figure.
IUSDE: Combination with Tradfi
The key part of the plan is launching IUSDE, a new token tailored to regulated financial institutions. USDE makes money by using price differences between spot and futures markets to conduct arbitrage and siege. On the other hand, IUSDE will meet the needs of Tradfi by adding “simple wrapping paper”. These contracts enforce on-chain transfer restrictions, allowing asset managers to control where tokens are sent and aligned with regulatory and risk management needs.
With this new capital, Ethena aims to build a standalone blockchain and launch iusde in Q1 2025. Founder Guy Young focuses on onboarding the TradFi distribution partner to make IUSDE widely accessible, positioning it as a compliant, agency-friendly staked stakek stabled stablesablecoin version (SUSDE). The move is designed to attract traditional financial players, potentially unlocking a lot of new capital for the crypto ecosystem by integrating Defi with conventional markets.
About Ethylene
Eden is a Defi project expected to be built on Ethereum blockchain and remake narratives, aiming to provide a crypto-native alternative to traditional stability. It introduces a synthetic dollar called USDE, designed to keep a stable value fixed with the dollar without relying on a centralized banking system.
Supported by conventional stable bacteria like USDT or USDC (usually held by fiat currencies reserves held by institutions), USDE is through a combination of cryptocurrencies (e.g., fixed Ethereum (e.g., steth)) and hedging in derivative markets Protecting the position, especially in the derivatives market, has achieved stable and stable futures contracts. This approach, commonly known as the “delta neutral” strategy, offsets the price fluctuations of collateral to keep the value of USDE stable for about $1.
