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Dragonfly, Arthur Hayes Back $6M Round for New Stablecoin on Ethereum
"Portugal-based Ethena, a startup developing an internet savings bond as well as a new Ethereum-based stablecoin secured by derivatives, has raised $6 million in a seed funding round led by crypto-focused venture capital firm Dragonfly. The startup will use the capital toward the launch of its stablecoin and bond assets in the third quarter.
Other backers in the round included BitMEX founder Arthur Hayes and his family office, Maelstrom, and a handful of crypto derivatives exchanges, including Deribit, Bybit, OKX, Gemini and Huobi, among others."
Read more ⤵️
https://www.coindesk.com/business/2023/07/17/dragonfly-arthur-hayes-back-6m-round-for-new-stablecoin-ethena/
"Portugal-based Ethena, a startup developing an internet savings bond as well as a new Ethereum-based stablecoin secured by derivatives, has raised $6 million in a seed funding round led by crypto-focused venture capital firm Dragonfly. The startup will use the capital toward the launch of its stablecoin and bond assets in the third quarter.
Other backers in the round included BitMEX founder Arthur Hayes and his family office, Maelstrom, and a handful of crypto derivatives exchanges, including Deribit, Bybit, OKX, Gemini and Huobi, among others."
Read more ⤵️
https://www.coindesk.com/business/2023/07/17/dragonfly-arthur-hayes-back-6m-round-for-new-stablecoin-ethena/
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