USDe, the 12.3% Yielding Stablecoin, is Coming to Solana

TL; DR

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Think about this: you’ll purchase one thing on-line from a British retailer…

And though the positioning lists costs in your native forex (USD), the ultimate transaction is quietly carried out of their native forex (GBP).

You angrily throw your laptop computer towards the wall and take to Twitter to complain.

The story would not add up, does it? However for some cause this type of forex tribalism has develop into fully accepted in crypto.

It is silly! That is why we prefer to see issues like this:

Ethena Labs – the creators of the Ethereum-based USDe stablecoin that generates a whopping 12.3% return per yr when deployed? Sure, they now combine with Solana, which supplies us as customers extra choices.

It is a sensible transfer. As a result of if you happen to research a few of the extra sustainable initiatives from the earlier bull run (e.g. WalletConnect, Thirdweb, Magic Eden…)

You may discover that all of them work nicely with different applied sciences.

WalletConnect and Magic Eden combine with a spread of wallets from totally different chains, whereas Thirdweb makes it straightforward for web2 companies to undertake web3 funds (see: Shopify).

The takeaway:

Multi-chain integrations do not shrink back from different crypto initiatives, they let customers make a selection and select the know-how that serves them finest.

Consequently, the cream rises to the highest and the general crypto pie continues to develop.

That makes your work as an investor lots simpler.

Since you not have to determine who’s pushing their (doubtlessly substandard) know-how on folks with backdoor partnerships and zealous tribalism…

You simply choose the perfect know-how and name it a day.