CZ Bets on the Future of Stablecoins
In the constantly evolving crypto ecosystem, investments and technological advancements continue to shape the future of digital finance. Recently, YZi Labs, the venture capital firm owned by former Binance CEO Changpeng Zhao, has strengthened its support for Ethena Ena, the protocol behind the USDe stablecoin.
This decision is explained by the impressive growth of USDe, whose supply has reached $13 billion, as well as the protocol’s total value locked (TVL) which has climbed to $14.22 billion. These figures demonstrate the strong adoption of stablecoins, a key element in YZi Labs’ vision for digital dollar infrastructure.
The Uncertain Future of the ENA Token
Despite these positive developments, Ethena’s native token, ENA, has fallen by more than 35% in two weeks after failing to break through the $0.85 resistance. Analysts now fear a more significant correction if support isn’t maintained. Investors are closely monitoring potential catalysts for a rebound.
But Ethena isn’t stopping there. The protocol recently expanded its presence on the BNB Chain in April, paving the way for new opportunities in money markets, protocol integrations, and ecosystem partnerships. This reinforced support from YZi Labs should accelerate these efforts.
Furthermore, Ethena is preparing the launch of USDtb, a fiat-backed stablecoin designed to comply with the American GENIUS Act. Simultaneously, the protocol is developing Converge, a settlement layer built with tokenization partners Securitize and BlackRock, aiming to integrate institutional-grade real-world assets on the blockchain.
In conclusion, YZi Labs’ investment in Ethena demonstrates Changpeng Zhao’s confidence in the future of stablecoins and digital dollar infrastructure. Although the ENA token is currently experiencing difficulties, Ethena’s expansion plans could open new perspectives for investors and potentially drive its price higher.
Should You Invest Now or Wait?
According to analyst Al_charts, if ENA maintains above $0.60, it could experience a 30% rebound in the coming days.
Here’s how to benefit by easily purchasing the token on Zoomex:
- Secure registration: Create an account on Zoomex with an email and strong password. Complete KYC verification (ID document) to activate deposits and withdrawals.
- Fund your wallet: Log in, access the “Wallet” section and deposit funds via bank card (Visa/Mastercard), SEPA transfer or cryptocurrencies (USDT/BTC). Fees are <1%, instant for crypto transfers.
- Select the ENA/USDT pair: In the trading interface, select the Spot market and search for ENA/USDT. Check the order book to confirm solid liquidity (volumes >$600 million).
- Place your buy order: Choose a market order for immediate purchase (~$0.60) or a limit order at the $0.62 support level for a better entry point. Allocate 5-10% of your portfolio.
- Validation and execution: Check the details (fees ~0.1%) and confirm. Your ENA will appear in your Zoomex wallet.
On the same topic:
