Decentralized stablecoin project Ethena has raised $100 million funding from institutional players Franklin Templeton and Pantera Capital.
The funding will support the growth of Ethena's new institutional-focused stablecoin, iUSDe, and the development of a purpose-built blockchain for its stablecoins.
Ethena aims to bridge the crypto and traditional finance (TradFi) worlds through the launch of iUSDe.
Ethena has also formed a strategic partnership with World Liberty Financial, a DeFi project backed by the Trump family.