World Liberty Financial, a cryptocurrency project backed by President-elect Donald Trump, announced a strategic partnership with decentralized finance protocol Ethena Labs ENA/USD on Wednesday

What happened: Ethena Labs stated on X that a proposal has been submitted to explore Ethena Staked USDe (CRYPTO: sUSDe), a reward-bearing stablecoin, as a collateral asset on the upcoming protocol.

“Should it pass, this proposal will enable World Liberty Financial users to benefit from sUSDe rewards and also WLF token rewards,” Ethena Labs said.

Ethena issues the so-called synthetic stablecoin USDe, which, unlike other dollar-pegged stablecoins like Tether USDT/USD and USD Coin…

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