According to BlockBeats, Ethena Labs, the developer of USDe, announced on March 12 that it has received an investment from Avon Ventures, a venture capital fund under FMR LLC, the parent company of Fidelity Investments.
Ethena Labs is a blockchain technology company that focuses on the development of USDe, a stablecoin pegged to the US dollar. The investment from Avon Ventures will help the company further develop its technology and expand its market presence.
FMR LLC is a multinational financial services corporation and the parent company of Fidelity Investments, one of the largest asset management firms in the world. Avon Ventures is a venture capital fund under FMR LLC that focuses on investing in early-stage fintech and blockchain companies.
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