Former Binance Labs YZi Increases Ethena Stake as USDe TVL Hits $13B — What Do They Know?

YZi Labs, formerly known as Binance Labs, has deepened its stake in Ethena Labs as USDe hits $13 billion TVL. The $10 billion investment arm is backing the protocol behind the third-largest USD-denominated crypto asset amid mounting regulatory scrutiny and rapid institutional adoption of the synthetic, yield-bearing digital dollars. USDe achieved the fastest growth trajectory to cross the $10 billion milestone in crypto history, surpassing established players like Tether’s USDT and Circle’s USDC in terms ...