Ethena Labs 在比特幣支援下增強合成美元 USDe

Ethena Labs 已將比特幣作為其合成美元 USDe 的支援資產，以增強其穩定性和成長。這種多元化預計將使 USDe 的市值增加 2.5 倍以上，並有可能達到 100 億美元的里程碑。 Ethena 的 USDe 是一種基於以太坊的合成美元協議，旨在提供傳統銀行系統的替代方案。

Ethena Labs Fortifies Synthetic Dollar USDe with Bitcoin Backing

Ethena Labs 透過比特幣支持強化合成美元 USDe

In a bold move to bolster the stability and growth of its synthetic dollar (USDe), Ethena Labs has announced the incorporation of Bitcoin as a backing asset. This strategic decision marks a significant milestone for USDe, leveraging the immense value and market presence of the leading cryptocurrency.

為了增強合成美元 (USDe) 的穩定性和成長，Ethena Labs 宣布將比特幣納入支援資產，這是一項大膽舉措。這項策略決策標誌著 USDe 的一個重要里程碑，充分利用了領先加密貨幣的巨大價值和市場影響力。

Expansion of Asset Portfolio to Fuel USDe Growth

擴大資產組合以推動 USDe 成長

The addition of Bitcoin to USDe's backing assets is expected to catalyze its growth trajectory, expanding its liquidity and enhancing its appeal to investors. According to Ethena's projections, USDe's market capitalization has the potential to surge by more than 2.5 times, propelling it towards the coveted $10 billion benchmark.

將比特幣添加到 USDe 的支援資產中預計將促進其成長軌跡，擴大其流動性並增強其對投資者的吸引力。根據 Ethena 的預測，USDe 的市值有可能飆升 2.5 倍以上，推動其邁向令人垂涎的 100 億美元基準。

USDe: A Resilient and Innovative Synthetic Dollar

USDe：有彈性和創新的合成美元

USDe, the brainchild of Ethena Labs, stands out as a transformative synthetic dollar protocol and internet-native yield project built on the Ethereum blockchain. Its primary mission is to provide a scalable, stable, and censorship-resistant alternative to traditional banking systems.

USDe 是 Ethena Labs 的創意，作為建立在以太坊區塊鏈上的變革性合成美元協議和互聯網原生收益項目而脫穎而出。其主要使命是為傳統銀行體系提供可擴展、穩定且抗審查的替代方案。

Seamless Interaction and Financial Inclusivity

無縫互動與普惠金融

Through Ethena's user-friendly platform, users can effortlessly mint and redeem USDe tokens, backed by a diversified portfolio of assets. The protocol employs sophisticated financial mechanisms, such as delta hedging, to maintain USDe's unwavering peg to the US dollar, instilling confidence and stability in the system.

透過 Ethena 的用戶友好平台，用戶可以輕鬆鑄造和兌換 USDe 代幣，並由多元化的資產組合支援。該協議採用先進的金融機制（例如 Delta 對沖）來維持 USDe 與美元堅定不移的掛鉤，從而為系統注入信心和穩定性。

Diversification Strategy to Meet Market Demand

多元化策略滿足市場需求

Prior to this announcement, USDe had predominantly relied on Ether liquid staking tokens as its backing assets. However, the surging demand for Bitcoin trading has prompted Ethena to diversify its portfolio, recognizing the substantial opportunities presented by the world's largest cryptocurrency.

在此公告之前，USDe 主要依賴以太坊流動質押代幣作為其支持資產。然而，比特幣交易需求的激增促使 Ethena 意識到世界上最大的加密貨幣所帶來的巨大機遇，使其投資組合多元化。

Addressing Concerns: USDe vs. TerraUST

解決問題：USDe 與 TerraUST

While Ethena's plans to enhance USDe have elicited excitement, some members of the crypto community have raised concerns about potential similarities between USDe and TerraUST. Both stablecoins share the characteristic of generating yield by shorting ether futures and staking ether.

雖然 Ethena 增強 USDe 的計劃引起了人們的興奮，但加密社區的一些成員對 USDe 和 TerraUST 之間潛在的相似之處表示擔憂。這兩種穩定幣都具有透過做空以太坊期貨和質押以太幣來產生收益的特性。

Distinctive Design Mitigates Risks

獨特的設計降低風險

Ethena's founder, Guy Young, has emphasized the fundamental differences between USDe and TerraUST, particularly in their design. Young asserts that USDe's architecture will exert downward pressure on funding rates, contrasting with TerraUST's reliance on constant capital inflows to avert a potential downward spiral.

Ethena 的創辦人 Guy Young 強調了 USDe 和 TerraUST 之間的根本區別，特別是在設計上。 Young 斷言，USDe 的架構將對融資利率施加下行壓力，這與 TerraUST 依賴持續資本流入以避免潛在的螺旋式下降形成鮮明對比。

Conclusion

結論

Ethena Labs' integration of Bitcoin into USDe's backing assets represents a transformative step in the evolution of synthetic dollars. By leveraging Bitcoin's unparalleled value and market depth, USDe positions itself for substantial growth and increased adoption. Despite concerns raised by some, Ethena's unique design and robust financial mechanisms are expected to safeguard USDe's stability and mitigate potential risks. As the synthetic dollar market continues to evolve, Ethena's strategic moves position USDe as a formidable contender in this rapidly expanding ecosystem.

Ethena Labs 將比特幣整合到 USDe 的支援資產中，代表了合成美元發展過程中的變革性一步。透過利用比特幣無與倫比的價值和市場深度，USDe 為自身的大幅成長和採用率的提高做好了準備。儘管有些人提出了擔憂，但 Ethena 獨特的設計和強大的金融機制預計將維護 USDe 的穩定性並降低潛在風險。隨著合成美元市場的不斷發展，Ethena 的策略性舉措使 USDe 成為這個快速擴張的生態系統中的強大競爭者。