Ethena has partnered with Initia, and the stablecoin USDe will be integrated into the Initia ecosystem

ChainCatcher news, Initia disclosed on social media that Ethena announced a strategic partnership with the blockchain network Initia, and its stablecoin USDe will be integrated into the Initia ecosystem.

This cooperation includes three main aspects: first, an incentivized native liquidity pair of INIT-sUSDe will be established, providing Ethena rewards, INIT staking rewards, and exchange fees for liquidity positions; second, Ethena will provide rewards for applications in the Initia ecosystem that use its assets as core components, including full-stack applications like Cabal, Echelon, and Rave; third, Ethena will invest in the Initia ecosystem, starting with Echelon.