Ethena Labs 在比特币支持下增强合成美元 USDe

Ethena Labs 已将比特币作为其合成美元 USDe 的支持资产，以增强其稳定性和增长。这种多元化预计将使 USDe 的市值增加 2.5 倍以上，有可能达到 100 亿美元的里程碑。 Ethena 的 USDe 是一种基于以太坊的合成美元协议，旨在提供传统银行系统的替代方案。

Ethena Labs Fortifies Synthetic Dollar USDe with Bitcoin Backing

Ethena Labs 通过比特币支持强化合成美元 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.

为了增强合成美元 (USDe) 的稳定性和增长，Ethena Labs 宣布将比特币纳入支持资产，这是一项大胆举措。这一战略决策标志着 USDe 的一个重要里程碑，充分利用了领先加密货币的巨大价值和市场影响力。

Expansion of Asset Portfolio to Fuel USDe Growth

扩大资产组合以推动 USDe 增长

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.

将比特币添加到 USDe 的支持资产中预计将促进其增长轨迹，扩大其流动性并增强其对投资者的吸引力。根据 Ethena 的预测，USDe 的市值有可能飙升 2.5 倍以上，推动其迈向令人垂涎的 100 亿美元基准。

USDe: A Resilient and Innovative Synthetic Dollar

USDe：有弹性和创新的合成美元

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 的创意，作为建立在以太坊区块链上的变革性合成美元协议和互联网原生收益项目而脱颖而出。其主要使命是为传统银行系统提供可扩展、稳定且抗审查的替代方案。

Seamless Interaction and Financial Inclusivity

无缝互动和普惠金融

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.

通过 Ethena 的用户友好平台，用户可以轻松铸造和兑换 USDe 代币，并由多元化的资产组合支持。该协议采用先进的金融机制（例如 Delta 对冲）来维持 USDe 与美元坚定不移的挂钩，从而为系统注入信心和稳定性。

Diversification Strategy to Meet Market Demand

多元化策略满足市场需求

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 主要依赖以太坊流动质押代币作为其支持资产。然而，比特币交易需求的激增促使 Ethena 认识到世界上最大的加密货币所带来的巨大机遇，使其投资组合多元化。

Addressing Concerns: USDe vs. TerraUST

解决问题：USDe 与 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.

虽然 Ethena 增强 USDe 的计划引起了人们的兴奋，但加密社区的一些成员对 USDe 和 TerraUST 之间潜在的相似之处表示担忧。这两种稳定币都具有通过做空以太坊期货和质押以太币来产生收益的特点。

Distinctive Design Mitigates Risks

独特的设计降低风险

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 的创始人 Guy Young 强调了 USDe 和 TerraUST 之间的根本区别，特别是在设计上。 Young 断言，USDe 的架构将对融资利率施加下行压力，这与 TerraUST 依赖持续资本流入以避免潜在的螺旋式下降形成鲜明对比。

Conclusion

结论

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 将比特币整合到 USDe 的支持资产中，代表了合成美元发展过程中的变革性一步。通过利用比特币无与伦比的价值和市场深度，USDe 为自身的大幅增长和采用率的提高做好了准备。尽管有些人提出了担忧，但 Ethena 独特的设计和强大的金融机制预计将维护 USDe 的稳定性并降低潜在风险。随着合成美元市场的不断发展，Ethena 的战略举措使 USDe 成为这个快速扩张的生态系统中的强大竞争者。