The Ethena stablecoin ecosystem expands with a partnership with Flowdesk, supporting USDe and USDtb. USDe’s value is pegged to $1 through a delta-neutral hedging strategy, while USDtb is backed by real-world assets, reaching $14 billion in market capitalization. Ethena’s growth attracts public players, with Mega Matrix eyeing ENA governance token. TLGY Acquisition also secures $890 million for digital asset acquisitions. Despite caution, demand for USDe remains strong.

Read more at Cointelegraph: Ethena Partners With Flowdesk as USDe Surges Past $14B