Ethena

First, it's creating a US dollar stablecoin that operates independently of traditional financial systems, offering full collateralization and transparency. Alongside this stablecoin, Ethena is crafting the world's first digitally native savings bond. Unlike traditional bonds tied to centralized banks, this bond token will provide an alternative savings platform for users worldwide.

Ethena's ambitious vision has attracted significant support in the form of a seed round fundraiser. The capital received will help the company propel its stablecoin and bond assets into the market, with a scheduled launch in the third quarter of 2023. As Ethena strives to provide a decentralized and capital-efficient solution, it is poised to redefine the landscape of DeFi, offering a promising alternative to traditional banking systems for users globally.