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Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion

Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion
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Transcripts for CNN New Day Weekend With Christi Paul and Boris Sanchez 20220130 11:50:00

dip. i think that s the same thing with bitcoin. you see short-term volatility as long as people are trying to day trade and the way that we re looking at this in jackson, tennessee, when we talk about employees being able to take that option of investing, it s not day trading, it s not trying to capitalize on short term gains it s about long term horizon investing and that s part of the education piece that we have and we are looking at our platform to provide that option for employees. so how have city employees received this? it s been across the board, some have come to my door and knocked on it and say, hey, we re ready to do this, i m? some are more skeptical. that s why education is an important piece. we offer our employees an ira plan so this will be not dissimilar to that. we will still pay them in u.s. dollars and then they will have an option with a third-party platform we contract with to utilize crypto, utilize bitcoin, we hope it s bitcoin, to look at

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