In this episode of Empire, Jason interviews Guy Young from Ethena about the company's rapid growth and its business model, which revolves around USD. They discuss the factors contributing to Ethena's success, including luck and an aggressive, motivated team. Guy explains Ethena's various products, including USDE, SUSDE, USDTB, IUSDE, and Converge Chain, emphasizing that USD is the core driver of the business. The conversation touches on the digital asset treasury (DAT), fundraising strategies, and the challenges of VC unlocks. Guy shares insights on the relationship between Ethena, Aave, and Pendle, as well as partnerships with Coinbase and Telegram. They also explore the competitive landscape with USDC and Tether, Ethena's niche in the market, and future plans, including the potential for equity perps and the launch of IUSDE.
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