Ethena releases 2025 roadmap: “iUSDe” will be launched in February to enter the TradFi field

PANews reported on January 3 that DeFi protocol Ethena released the 2025 roadmap "Convergence". Ethena's next growth will be mainly driven by exporting products to traditional finance. Ethena will launch a new product “iUSDe” next month, designed to enable the export of sUSDe to the TradFi space in a regulated form. Same as sUSDe, but adds a simple wrapper contract that adds some transfer restrictions at the token level so that traditional financial entities can hold and use it. This will include working with partners to offer independent SPVs managed by regulated investment managers who allow shares to be subscribed to the vehicle, allowing traditional finance to efficiently enter the product without having to touch the cryptocurrency track. Ethena will announce iUSDe’s initial TradFi distribution partners this month.

In addition, Ethena plans to address payment and savings instrument use cases by building dedicated applications in the Telegram and TON ecosystems, namely a dedicated use case for issuing sUSDe in the Telegram application, where users can send, spend and save. Payments will be connected directly to Apple Pay, and users can convert between savings assets in sUSDe and direct mobile payments on their phone.

In addition to these core products, Ethena will continue to transform from a single asset issuer into a platform for best-in-class builders to leverage and enable on-chain financial innovation. Two applications have been announced: spot exchange Ethereal, which will open its testnet next month, and on-chain options and structured products protocol Derive, which will launch its token in the next two weeks. These are just the first examples of the entire DeFi ecosystem built on sUSDe, with more to come in Q1 2025.