Trump encryption platform joins forces with Ethena! sUSDe becomes collateralized asset, already bought 600,000 ENA.

US President-elect Donald Trump, who once scoffed at cryptocurrency, has now not only changed his position significantly but also fully supports Decentralized Finance (DeFi). World Liberty Financial (WLFI), endorsed by him, recently made headlines by announcing a partnership with Stable Coin protocol Ethena. The first phase of the plan will focus on introducing Ethena’s yield-based Stable Coin $sUSDe and further develop a long-term collaboration.

WLFI and Ethena stated in the announcement that $sUSDe, as the core income-type Stable Coin of Ethena, has performed strongly since landing on the Aave platform in mid-November this year, attracting more than 1.2 billion US dollars in assets in less than a month, not only trusted by users, but also becoming a popular collateral asset for borrowing $USDC and $USDT.

WLFI pointed out that as the first step of the collaboration, the two parties will explore the introduction of $sUSDe into the upcoming Aave instance on the WLFI protocol as the first collateralizable token, and expect to attract more stablecoin deposits through the user activity and large-scale TVL of Ethena.

WLFI Co-Founder Zak Folkman emphasized, “This partnership marks an important step in our journey to global financial equality, and we look forward to bringing more accessible and valuable financial services.”

According to the parties’ statement, the proposal will be submitted to the WLFI community for voting this week, but even if the proposal does not pass, or the $sUSDe is not approved as collateral, the parties will continue to explore other cooperation opportunities and continue to look for integration possibilities.

Wednesday’s partnership announcement follows WLFI’s purchase of $600,000 in ENA coins.

In response, Chase Herro, co-founder of World Liberty Financial, explained that buying $ENA tokens “is not directly related to this collaboration, but it demonstrates WLFI’s belief in Ethena’s long-term viability and success.”

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"‘Trump encryption platform joins hands with Ethena! sUSDe becomes collateral, has bought 600,000 鎂 ENA’ This article was first published in ‘encryption city’.