Key Points:
Read more: World Liberty Financial Entered Into a Strategic Partnership with Ethena
Per the Ethena 2025 roadmap, the first quarter will focus on the release of the iUSDe token, a new token intended to work in conjunction with financial institutions.
iUSDe is an evolution of Ethena’s sUSDe token and includes a wrapping contract with transfer restrictions, making it more suitable for use by TradFi entities. The token launches next month, and Ethena is expected to disclose its initial distribution partners this month.
The company is also working on specific sUSDe use cases, notably with the Telegram application. That will soon enable users to send, spend, and save tokens in a mobile banking-like experience, leveraging both the Telegram and TON ecosystems for broad access and capability.
Since its mainnet launch in February 2024, Ethena rapidly emerged as one of the most important DeFi projects. It strives to build “Internet Money,” aligning capital and interest rates across DeFi, CeFi, and TradFi. As part of that evolution, Ethena is evolving from a single-asset issuer to a full-service builder of on-chain financial products.
The Ethena 2025 roadmap states that two other big projects are in the works: Ethereal-a spot trading platform and Derive-a protocol for on-chain options and structured products.
The testnet will be live next month for Ethereal, and the token will be released for Derive within two weeks. These two projects represent Ethena’s commitment to having a solid DeFi ecosystem around sUSDe and more in early 2025.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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