EtherFi to Launch Its Own Stablecoin Through Ethena White-Label Service
JH Kim
Summary
- EtherFi said it will launch its own stablecoin through Ethena’s white-label service.
- EtherFi said it plans to expand its stablecoin business based on more than $300 million in stablecoin deposits.
- The launch timeline and name of the new stablecoin were not disclosed.
Forecast Trend Report by Period
Decentralized finance protocol EtherFi plans to launch its own stablecoin through Ethena’s white-label service.
Cointelegraph reported on October 6 that EtherFi plans to introduce a proprietary stablecoin based on Ethena White Label.
EtherFi aims to expand its stablecoin business, backed by more than $300 million in stablecoin deposits.
The company did not disclose a launch timeline or the name of the new stablecoin.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.