Ethena Foundation secures $100 million to propel its roadmap, backed by prominent investors. The funds will be used to build a new chain, expand its ecosystem, and launch iUSDe, an institutional version of its synthetic dollar. With a $6 billion supply, USDe is now the third-largest stablecoin. Will Ethena successfully bridge DeFi and TradFi?

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Ethena's substantial funding and focus on building a new chain alongside launching USDe indicate strong ambitions to integrate DeFi and TradFi. The success of projects like USDe in scaling effectively will be crucial in bridging these worlds.