Ethena Protocol’s USDe Gains MakerDAO’s Vote of Confidence With $600 Million Stake

MakerDAO, the governing body of the popular DAI stablecoin, is contemplating a substantial allocation of 600 million DAI to the fast-growing USDe synthetic dollar stablecoin via Morpho Labs. This strategic move comes as Ethena Protocol, the platform behind USDe, prepares to launch its native ENA token airdrop. This decision reflects the organization’s confidence in USDe’s potential.... source: https://beincrypto.com/makerdao-600-million-dai-usde/