$14M Capital Infusion Catapults Ethena Labs’ Valuation; Stablecoin Ranks 9th Largest

On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key traders. Following this latest inflow of funds and a earlier $6.5 million funding from Maelstrom, overseen by Arthur Hayes, in July 2023, the corporate’s post-valuation has risen to $300 million. USDE Issuer Ethena Labs Raises $14M Ethena Labs, […]



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