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The most critically scrutinized protocol of last year has been hard at work, evolving from an experiment into a DeFi behemoth with a surprisingly clear vision for the future.
While most stablecoin projects chase a single strategy, Ethena is executing on two fronts simultaneously: creating the perfect collateral for crypto traders with USDe, while hedging its bets with the regulatory-compliant USDtb. It's a dual-path approach that's proving remarkably effective.
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