YZi expands position in Ethena Labs. | Credit: Credit: Matias Baglietto/NurPhoto via Getty Images. Key Takeaways YZi Labs was one of Ethena’s earliest backers. Ethena is the third-largest stablecoin with a market cap of $14.03 billion. YZi Labs currently manages over$10 billion in assets globally. Changpeng Zhao’s (CZ) venture capital arm, YZi Labs (formerly Binance Labs), has doubled down on stablecoins with a renewed investment in Ethena Labs, the protocol behind the synthetic dollar USDe. The ...