Ethna Integrates USDe Stablecoin on Blast Layer 2 Network

IconCryptoNewsTerminal Staff29 May, 2024

cryptonews.jpg

Ethna Integrates USDe Stablecoin on Blast Layer 2 Network

Ethna Labs, the company behind the stablecoin issuance protocol Ethna (ENA), has announced the integration of its USDe stablecoin on the Blast Layer 2 network. This integration enables DeFi protocols built on Blast, including Thruster (THR), Juice Finance (JFI), Orbit Lending (ORB), Init Capital (INC), and Particle (PART), to offer USDe liquidity pools, lending, and other financial services. By bringing USDe to Blast, Ethna Labs aims to enhance the DeFi ecosystem on the Layer 2 network. USDe is a decentralized stablecoin pegged to the US dollar and issued on the Ethereum blockchain. Its integration on Blast will provide users with a stable and reliable medium of exchange and facilitate seamless cross-chain transactions. The integration of USDe on Blast is a significant step towards expanding the reach and utility of both Ethna and Blast. It allows DeFi protocols to leverage the advantages of both platforms, fostering innovation and growth within the decentralized finance space.

Related News