CZ-Affiliated Investment Firm Invests in Developers of Surprise Altcoin

YZi Labs, affiliated with Binance and its founder Changpeng Zhao, has invested in the developers of a surprise altcoin. YZi Labs (formerly Binance Labs) has announced that it will increase its investment in Ethena (ENA) Labs to support the company's growth. This step aims to expand the use of Ethena's USDe on both centralized exchanges and the DeFi ecosystem, create a stronger asset on BNB Chain, and accelerate the development of new products USDtb and Converge.