M2 Capital (Abu Dhabi) invested $20M into @ethena_labs! This move signals how the Middle East is positioning itself as a global crypto hub. Ethena’s synthetic dollar $USDe and its yield-bearing sUSDe (up to ~20% APY in 2025) have already helped the protocol amass $14B+ TVL in just over a year. By acquiring $ENA, M2 is embedding regulated digital assets into its wealth management platform for family offices and institutions across the region. Could synthetic dollars like USDe become the key bridge between compliance, yield, and mass adoption?
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