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USDe, the 12.3% Yielding Stablecoin, is Coming to Solana

August 13, 2024
in Web3
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Image this: you go to purchase one thing on-line from a British retailer…

And despite the fact that the positioning lists its costs in your native forex (USD), the ultimate transaction is quietly made utilizing their native forex (GBP).

You throw your laptop computer on the wall in anger and go to Twitter to complain.

The narrative doesn’t add up, proper? However for some purpose in crypto, that form of forex tribalism is completely accepted.

It’s dumb! Which is why we like to see stuff like this:

Ethena Labs — the makers of the Ethereum-based USDe stablecoin that earns a whopping 12.3% yield per yr when it’s staked? Yuh, they’re now integrating with Solana — bringing higher optionality to us as customers.

It’s a wise transfer. Trigger in the event you research among the extra enduring tasks of the earlier bull run (e.g. WalletConnect, Thirdweb, Magic Eden…)

You’ll discover all of them play good with different applied sciences.

WalletConnect and Magic Eden combine with a variety of wallets from a variety of chains, whereas Thirdweb makes it straightforward for web2 firms to undertake web3 funds (see: Shopify).

The takeaway:

Multi-chain integrations don’t leech from different crypto tasks, they let customers make a selection and decide the know-how that may serve them greatest.

Consequently, the cream rises to the highest and the general crypto pie continues to develop.

Making your job as an investor that a lot simpler.

Trigger you now not have to determine who’s forcing their (doubtlessly sub-par) know-how on individuals with again door partnerships and zealous tribalism…

You simply decide one of the best tech and name it a day.



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Tags: ComingSolanaStablecoinUSDEYielding
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