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TechFlow reports that MakerDAO is considering deploying 600 million DAI through the DeFi lending protocol Morpho Labs into USDe and sUSDe.
Both stablecoins are issued by Ethena Labs. If confirmed by the MakerDAO community, this move could boost Ethena's total value locked. USDe currently has a supply of 1.34 billion tokens, accounting for 1.74% of total Ethereum stablecoin supply. Ethena raised $14 million at a $300 million valuation in February.
MakerDAO is considering deploying 600 million DAI through the DeFi lending protocol Morpho Labs into USDe and sUSDe, two stablecoins issued by Ethena Labs. If confirmed by the MakerDAO community, this move could boost Ethena's total value locked. USDe currently has a supply of 1.34 billion tokens, accounting for 1.74% of the total Ethereum stablecoin supply. In February, Ethena raised $14 million at a $300 million valuation.
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