News

World Liberty Financial Entered Into a Strategic Partnership with Ethena

Key Points:

World Liberty Financial has partnered with Ethena Labs to integrate Ethena’s yield-bearing token, sUSDe.
WLFI has purchased $600,000 in ENA tokens and is converting stablecoins raised from its token sale and Justin Sun’s $30 million investment.

World Liberty Financial (WLFI) is a growing decentralized finance (DeFi) project with backing from President-elect Donald Trump that is strengthening its ties with established players in the crypto industry through a new collaboration with Ethena Labs.

World Liberty Financial Partners with Ethena Labs for New DeFi Collaboration

The two companies announced using Ethena’s yield-bearing token, sUSDe, within the new Aave instance of WLFI. This initiative conducted an increase in rewards allocated to WLFI users by distributing the sUSDe and the WLF tokens.

World Liberty Financial and Ethena will continue to enjoy a long-term relationship, as the partnership amounts to a “long-term collaboration”.

A governance proposal has been submitted to the board for approval, whereby it is proposed to make sUSDe a core collateral asset on the Aave platform. The vote will take place among the WLFI governance this week.

Ethena Labs Launches USDtb Stablecoin Backed by BlackRock’s BUIDL Fund

The announcement is the latest step in the project’s expansion, following WLFI’s recent acquisition of $600,000 in ENA tokens. The company has also started converting stablecoins raised during its October token sale and through a $30 million investment by Justin Sun into key Ethereum-based tokens like ONDO and ENA.

Ethena Labs concurrently unveiled the release of its new stablecoin, USDtb, collateralized with BlackRock’s BUIDL fund as the most crucial building block. USDtb attempts to be as stable as traditional stablecoins such as USDC and USDT, with more than 90% reserves held in BUIDL, a tokenized money market fund devoted to U.S. government debt, cash, and repos.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.