Strategic Partnership: World Liberty Financial (WLFI) has announced an important partnership with Ethena Labs, focusing on integrating the yield-bearing token sUSDe as collateral on the WLFI platform, using the AAVE backend.
Impact on Stablecoins: The governance of WLFI is set to approve sUSDe as collateral soon, which could encourage more stablecoin deposits, particularly for borrowing USDC and USDT.
Market Confidence: WLFI shows confidence in the crypto market by appointing Justin Sun as an advisor and investing 600,000 USD in ENA tokens from Ethena, showcasing its belief in future growth.
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