DeFi platform Ethena plans to issue synthetic dollars USDe by selling Bitcoin (BTC) and Ether (ETH).

On Ethena, users can deposit stablecoins such as tether (USDT), frax (FRAX), dai (DAI), Curve USD (crvUSD), and mkUSD to receive and stake USDe on Ethena. Unstaking takes 7 days. You can earn additional profits by supplying your staked USDe tokens to other DeFi platforms.