Ethena Labs Published: The company released its roadmap for the year 2025, which includes a Telegram payment and savings application based upon its stablecoin sUSDe. “neobank experience.”
Users can now send, save, and spend sUSDe within their messaging apps. Apple Pay allows users to seamlessly switch between direct mobile payments and sUSDe saving via Apple Pay.
Ethena Labs has a new report:
“A dollar with a yield is the most important savings asset on earth to preserve wealth, and it’s the only crypto-enabled product that has the potential to reach a billion users outside of Bitcoin.”
Network rivals Tether
The roadmap highlighted that Ethena’s vision remains to rival Tether as a cornerstone in the crypto ecosystem by evolving from a single-asset issuer to a platform for on-chain financial innovation called Ethena Network.
Developers can leverage Ethena’s infrastructure to create new DeFi applications using sUSDe as the foundation. Additionally, the sENA token plays a key role in this strategy, accruing value in a model akin to Binance’s BNB.
Ecosystem applications allocated significant amounts of tokens for airdrops, aligning incentives to promote growth.
Ethereal and Derive, two applications announced to be built on Ethena Network, are also essential pieces in Ethena’s roadmap for this year. Ethereal, a perpetual spot and exchange powered by the sUSDe blockchain that is specific to its application, runs on. It has embedded native rewards and Ethena’s liquidity support.
Derive is a protocol that allows for the creation of options. The core collateral is sUSDe, with the upcoming launch of its token expected to accelerate adoption.
Dollar as the Backbone
Ethena’s roadmap pointed out the significance of dollars as the backbone of on-chain capital flows, from payments and settlements to core DeFi primitives like lending and derivatives.
According to the document the goal is becoming an infrastructure provider that can rebuild and improve the economics of every DeFi protocol that uses dollars.
The report also forecasts the release of new stablecoin products powered by sUSDe in this quarter. These products include permanent products, gambling finance platforms, betting markets and uncollateralized loans.
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