Ethena Unveils Ambitious Roadmap to 2025: Token Launch and DeFi and Traditional Finance Integration

The decentralized finance (DeFi) landscape continues to expand and innovate, with projects seeking increasingly robust and integrated solutions. In this context, the DeFi protocol Ethena announced its strategic roadmap for 2025, focusing on strengthening the ties between the DeFi universe and traditional finance (TradFi). The initiative demonstrates an important movement in the search for greater adoption and usability of blockchain-based solutions.

One of the main new features presented at the screenplay da Ethena for 2025 is the launch of the iUSDe token, scheduled for Q1. This new token is specifically designed to interact with traditional financial institutions. As explained by the developers, iUSDe represents an evolution of Ethena’s sUSDe token and has a wrapper contract with transfer restrictions, which makes it more suitable for use by TradFi entities.

The token is scheduled to launch in February, and Ethena plans to reveal its initial distribution partners later this month.

“Ethena will launch a new product next month designed to be able to export sUSDe in regulated offerings for traditional finance: iUSDe. iUSDe is identical to sUSDe with the addition of a simple wrapper contract that adds some transfer restrictions at the token level so that it can be held and used by traditional financial entities.”

In addition to iUSDe, Ethena is also working on specific use cases for sUSDe, most notably integration with the social media app Telegram. “In 2025, we will launch a dedicated use case for sUSDe within the Telegram app, where users can send, spend, and save in a mobile neobank-like experience. Payments will be connected directly to Apple Pay, where you can switch between a savings asset in sUSDe and direct payments by tapping your phone.”

Furthermore, the screenplay Ethena’s 2025 target also includes the development of two other major projects: Ethereal and Derive. According to the company, the testnet for Ethereal will be available next month, and the token for Derive will be launched in about two weeks.

Ethereal is a perpetual and spot exchange built on its own appchain running its entire order book with sUSDe and native rewards embedded, where Ethena will provide liquidity and hedging flows to the exchange. Derive is the largest onchain options and structured products protocol where sUSDe is an essential collateral asset for the system.