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Home›Crypto›Stablecoins›Ether.fi rolls out a dollar stablecoin with Ethena man…

Ether.fi rolls out a dollar stablecoin with Ethena managing reserves

Ethena will handle reserves, minting, redemptions, and compliance for the stablecoin platform, which cites more than $300 million in existing stablecoin balances.

Reported · Written up by our desk · Stablecoins

Ether.fi announced a new dollar stablecoin, with Ethena set to manage key operational functions.

According to The Defiant, Ethena will oversee reserves, minting, redemptions, and compliance for the stablecoin platform.

The platform said it has more than $300 million in existing stablecoin balances.

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Sources

The DefiantEther.fi Announces Dollar Stablecoin Powered by Ethena

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