Ethena releases its 2025 roadmap, launching multiple products such as iUSDe to enter the traditional

Guy Young, founder of Ethereum stablecoin protocol Ethena, released a 2025 roadmap called "Convergence" on Friday, describing Ethena's achievements and plans for 2025, and stating that its next growth will mainly rely on exporting its products to the traditional financial sector. The roadmap shows that, Ethena The upcoming products include the packaging token iUSDe, perpetual contract and spot exchange Ethereal, and on chain option and structured product protocol Derive.

Young Ethena will launch a new product iUSDe next month, aiming to export sUSDe in a regulated form to the traditional financial sector. iUSDe The function of is the same as sUSDe, except for adding a simple packaging contract and adding some transfer restrictions at the token level so that traditional financial entities can hold and use it.

Ethena The first batch of traditional financial distribution partners for iUSDe will be announced in January, and the focus of the first quarter is to collaborate with these partners to provide their customers with comprehensive access to iUSDe.

Young The progress of two upcoming new products is also announced in the roadmap. The first is Ethereal, a perpetual contract and spot exchange built on its own application chain, which embeds sUSDe and native reward mechanism. Ethena will provide liquidity and hedge fund flow for the exchange. The protocol is planned to open the Ethereal testnet next month.

Another new product of Ethena is the on chain option and structured product agreement Derive, where sUSe is the core collateral asset of the system. The protocol will launch their tokens in the next two weeks.

After the founder released Ethena's 2025 roadmap, its governance token ENA showed a significant upward trend, rising more than 15% in the past 4 hours, with a trading price of $1.22 before the deadline.