Calm before the next ENA TVL step-function - Guy Young (Founder of Ethena)

In this episode of BidCast, Jason Kam interviews Guy Young, the founder of Ethena, about the current state and future plans for Ethena and its USDE stablecoin. Guy discusses Ethena's growth strategy, emphasizing reinvestment in expansion and integration over immediate returns to token holders, and highlights the importance of building network effects and dominance in the stablecoin market. He addresses the regulatory challenges in Germany, which have temporarily paused exchange listings, and introduces Converge, a new initiative with Securitize aimed at bridging TradFi and DeFi by bringing tokenized assets on-chain. Guy also details the upcoming iUSDE product, designed for institutional use, and the potential for Ethena's integration with Telegram to reach a broader retail audience, as well as Ethena's competitive positioning and growth potential, particularly as market conditions improve and new distribution channels open up.