Home » » Portuguese Startup Ethena Garners $6 Million in Funding from DragonFly, Huobi for Stablecoin Development

Portuguese Startup Ethena Garners $6 Million in Funding from DragonFly, Huobi for Stablecoin Development

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Ethena, a Portugal-based startup working on a USDe stablecoin project has managed to raise $6 million (roughly Rs. 55 crore) in a seed funding round. Dragonfly along with Maelstrom, Gemini, and Huobi have poured investments in this project. The hefty investment in Ethena seemingly testifies to the buzz around stablecoins that has gathered heat in recent days.

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