{"id":20105,"date":"2025-01-04T13:07:38","date_gmt":"2025-01-04T11:07:38","guid":{"rendered":"https:\/\/forklog.com\/en\/ethena-plans-telegram-integration-and-a-new-token-launch\/"},"modified":"2025-01-04T13:07:38","modified_gmt":"2025-01-04T11:07:38","slug":"ethena-plans-telegram-integration-and-a-new-token-launch","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethena-plans-telegram-integration-and-a-new-token-launch\/","title":{"rendered":"Ethena plans Telegram integration and a new token launch"},"content":{"rendered":"<p>Ethena will launch a new stablecoin, iUSDe, for institutional players and a Telegram-based payments app, according to the project\u2019s founder, known as G.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/01TIlgj1DT\">https:\/\/t.co\/01TIlgj1DT<\/a><\/p>\n<p>\u2014 G | Ethena (@leptokurtic_) <a href=\"https:\/\/twitter.com\/leptokurtic_\/status\/1875150367601881483?ref_src=twsrc%5Etfw\">January 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The team plans to roll out these initiatives in the first quarter of 2025, marking the start of Ethena\u2019s evolution into a \u201cneobank\u201d.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe next leg of growth will be primarily driven by exporting the product to traditional finance. The infrastructure is already built, the regulatory path into <span data-descr=\"traditional finance\" class=\"old_tooltip\">TradFi<\/span> is clear, and the scale of the opportunity eclipses anything we have seen in crypto to date,\u201d G explained.<\/p>\n<\/blockquote>\n<p>The protocol accounted for about 85% of the 2024 growth in USD-based digital assets on Ethereum (excluding USDT and USDC), the statement said. In December, Ethena\u2019s annualised run rate exceeded $1.2 billion. That made it the second-fastest crypto startup to reach $100 million in revenue, after Pump.fun on Solana.<\/p>\n<p>The new synthetic stablecoin, iUSDe, targets the traditional market. The founder expects asset managers, ETF issuers, brokers, credit funds and investment trusts to use it.<\/p>\n<p>According to Ethena\u2019s co-founder, iUSDe is \u201cidentical\u201d to sUSDe \u2014 the rewards token users receive when staking USDe. The new token\u2019s mechanism allows programmable transfer restrictions to preserve trust within financial institutions.<\/p>\n<p>Institutions will be able to acquire iUSDe \u201cwithout having to touch the crypto rails\u201d by purchasing shares in special-purpose vehicles.<\/p>\n<p>Because USDe is pegged to the dollar, financial firms can \u201cprice iUSDe as a spread to risk-free rates,\u201d G explained. Another advantage is that the asset\u2019s yield is negatively correlated with real rates.<\/p>\n<p>The forthcoming Telegram-based app will use the TON blockchain and Apple Pay, enabling \u201cdirect mobile payments\u201d.<\/p>\n<p> The Ethena founder also announced two products: <\/p>\n<ul class=\"wp-block-list\">\n<li>Ethereal \u2014 a cryptocurrency exchange supporting spot and futures trading; <\/li>\n<li>Derive \u2014 a protocol offering on-chain options and structured products collateralised in sUSDe. <\/li>\n<\/ul>\n<p>In December 2024, the Ethena team <a href=\"https:\/\/forklog.com\/en\/news\/ethena-introduces-stablecoin-backed-by-blackrocks-buidl\">launched<\/a> the USDtb stablecoin in partnership with Securitize, a platform specialising in RWA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethena will launch a new stablecoin, iUSDe, for institutional players and a Telegram-based payments app, according to the project\u2019s founder, known as G. https:\/\/t.co\/01TIlgj1DT \u2014 G | Ethena (@leptokurtic_) January 3, 2025 The team plans to roll out these initiatives in the first quarter of 2025, marking the start of Ethena\u2019s evolution into a \u201cneobank\u201d. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1500,807],"class_list":["post-20105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethena","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"91","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20105"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20104"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}