Ethena previously completed a $100 million financing in December, with participation from Franklin Templeton and others

ChainCatcher news, according to Bloomberg, sources say that Ethena completed a $100 million financing round last December. This round of financing was participated in by institutions such as Franklin Templeton and Fidelity Investments' venture capital firm F-Prime Capital.

It is reported that the project plans to use this round of financing to launch a new stablecoin product aimed at traditional financial institutions.

According to the Web3 asset data platform RootData, Ethena is building a derivatives infrastructure that allows Ethereum to transform into a global internet bond through Delta neutral positions on stETH, thereby creating the first crypto-native, yield-bearing stablecoin: USDE.