Ether.fi announced the launch of its own US dollar-denominated stablecoin called ether.fi USD through Ethena’s Whitelabel platform. Ethena will handle reserves, minting, redemptions and compliance end to end for the new token. The platform currently holds over $300 million in stablecoin deposits. The launch is tied to ether.fi Cash, the company’s crypto payment card which has processed nearly $1 billion in cumulative spending with over 100,000 active cards. Neither company disclosed when ether.fi USD will launch or which blockchains it will support.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
