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Market Cap
24h Vol
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Cryptocurrencies
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Bitcoin Share
The Defiant 2025-04-14 18:25:41

Ethena Partners with Re to Connect Crypto with Trillion Dollar Reinsurance Market

Ethena Partners with Re to Connect Crypto with Trillion Dollar Reinsurance Market

Top DeFi protocol Ethena announced a partnership with Re, a restaking protocol that focuses on tokenized real-world assets for the reinsurance market, in an X post today, April 14. Per the announcement, users who hold Ethena’s native stablecoin USDe, or its restaked version sUSDe, can earn yield by locking their tokens as reserve assets through via Re, to support insurance companies integrated with the protocol. Through Re, holders can earn higher yield on sUSDe, with boosted Ethena rewards and Re rewards backed by the $1 trillion reinsurance market, according to an X thread from the reinsurance-focused RWA platform. Re will use sUSDe provided as collateral to underwrite health, property, business, and climate insurers that transfer their risk out to third parties, such as Re. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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https://www.digistore24.com/redir/325658/ceobig/
Market Cap
24h Vol
62.39%
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364
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