21.09.2025 01:50
Here's the reframed news article, incorporating varied sentence structures and richer language:
YZi Labs, a venture capital firm specializing in technology investments, has significantly increased its investment in Ethena, the company responsible for the USDe stablecoin. As revealed in a statement released Friday, this investment aims to facilitate the wider integration of the digital dollar USDe across both decentralized and centralized platforms.
According to internet sources, YZi Labs' funding will be instrumental in supporting the growth of Ethena's USDe stablecoin on the BNB Chain. Furthermore, it empowers Ethena to continue development of its USDtb stablecoin, which relies on short-duration treasury assets like BlackRock's BUIDL, as well as “Converge,” an institutional settlement layer that is an Ethereum Virtual Machine-compatible chain focusing on tokenizing real-world assets.
This strategic move aligns with YZi's overarching goal to foster "open, scalable digital dollar infrastructures" that can underpin efficiency and liquidity within the broader financial landscape. Guy Young, Ethena Labs CEO, emphasizes the importance of this development, stating that embedding stable, yield-bearing assets directly into the crypto economy is essential for digital dollar distribution.
Young believes that the expanding reach of USDe across exchanges, DeFi protocols, and global user bases is rapidly turning that vision into reality. The increasing adoption of stablecoins comes as the US Treasury projected in April that the market, currently valued at $295 billion, could surge to $2 trillion by 2028.
The signing of the GENIUS Act by US President Trump in July, widely regarded as landmark stablecoin legislation, has further fueled this momentum. YZi initially invested in Ethena through its Season 6 Incubation Program in February 2024, prior to the public launch of USDe, whose value is maintained through a delta-neutral hedging strategy that keeps its value pegged to $1. According to YZi, the expansion of USDe on BNB Chain will expand on its April deployment with new money markets, protocol integrations, and ecosystem partnerships already underway.
