Around $73 million worth of tokens are scheduled to unlock between June 29 and July 5, led by ENA, SUI and EIGEN.
Securitize's STAC fund is expanding to Solana while Ethena evaluates a proposed $250 million allocation for stablecoin backing.
Janus Henderson took an ENA position and outlined plans for regulated investment products tied to the Ethena ecosystem.
The Bitcoin flash crash highlights the volatility and risks in leveraged crypto trading, potentially impacting investor confidence and market stability.
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For traditional US banks, the CLARITY Act was intended as a firewall that effectively barred crypto companies from offering “passive” interest on stablecoins. The legislation aimed to prevent a catastrophic deposit flight in which everyday checking account balances drain from the banking system into high-yield crypto exchanges. But as lawmakers prepare to finalize the framework, […]
The post Banks pushed Congress to kill stablecoin yield with CLARITY Act – Coinbase may have found the loophole appeared first on CryptoSlate.
Coinbase Ventures bought ENA as Coinbase expanded its Ethena partnership across custody, wallets, perps, and USDe access.
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Ethena said the two companies have also become partners "to grow onchain finance and savings products."
The synthetic dollar debuts on Sui Mainnet alongside a permissionless vault seeded by SUI Group and integration with DeepBook’s new margin system.
Young sparked a new category of digital assets, yieldcoins, that sits at the intersection of DeFi rails and TradFi basis trades.
The Converge blockchain was scheduled to launch in the second quarter of 2025, but its launch "doesn't appear to be planned for the near future."
The U.S. stablecoin law prohibits paying interest on stablecoins, but Anchorage aims to offer a template to distribute yield-like rewards to token holders to stay compliant.
looped positions that rely on borrowing stables to buy sUSDe are at risk, Sentora Research said.
Terminal Finance, a decentralized exchange incubated by Ethena Labs, has attracted $280 million in deposits before launch.
The dominance of Tether and Circle, once seen as unshakable, is now facing its most formidable test yet, crypto product and strategy professional James Murrell argues.
Ethena’s synthetic dollar, USDe, shed over $2 billion in market capitalization after briefly losing its dollar peg on Binance. The flash event exposed structural risks in crypto’s stablecoin plumbing. According to CryptoSlate data, USDe’s market value dropped from $14.8 billion on Oct. 10 to $12.6 billion by Oct. 12. The decline coincided with a Binance […]
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The supposed de-pegging was only limited to Binance while deviations were much more restrained on other major liquid avenues like Curve.
USDe recovered quickly, and Ethena Labs confirmed that the mint and redeem functionality remained operational, with the stablecoin remaining overcollateralized.
JupUSD will be developed in partnership with Ethana Labs and initially be fully collateralized by Ethana's USDtb stablecoin.
Digital asset treasury firm SUIG, the Sui Foundation and Ethena teamed up to create two proprietary stablecoins for the network.
The new investment builds on previous purchases of ENA and USDe, its synthetic stablecoin that tracks the value of the dollar without traditional reserves.
Ethena’s synthetic dollar protocol draws backing from UAE-based M2 Holdings affiliate
Ethena Labs has withdrawn its bid to issue Hyperliquid’s USDH stablecoin after validators and community members raised concerns. In a Sept. 11 post on X, Ethena founder Guy Young confirmed the withdrawal, citing feedback questioning Ethena’s positioning within the ecosystem. Young noted that conversations with validators raised three main points: Ethena is not a native […]
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Ethena’s synthetic stablecoin, USDe, has climbed to over $13 billion in circulation less than a day after it was listed on Binance. DeFiLlama data shows supply jumped nearly 2% in 24 hours to about $13.2 billion, making it the fastest-growing stablecoin in the past day. This rapid expansion has been ongoing over the past month, […]
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Ethena's proposed stablecoin promises to return 95% of revenue to Hyperliquid’s ecosystem.
Listing the protocol's USDe token on major exchanges like Binance is a key requirement to enable a mechanism to share protocol revenues with token holders.
The yield earned on the reserve assets would cover the blockchain's sequencer fees, helping keeping the transaction costs low, MegaEth said.
MegaETH is working with USDe issuer Ethena to launch USDm, a native stablecoin whose reserve yield funds the network’s sequencer to keep fees low and stable.
StablecoinX will purchase locked tokens from the Ethena Foundation, which will use the proceeds to buy back ENA on spot markets.
The funds will be used to acquire an expected 3 billion ENA, according to StablecoinX, a dedicated treasury vehicle for the stablecoin protocol.
Ethena’s ENA token leaped over 12% on Saturday following news that StablecoinX Inc. secured an additional $530 million capital raise. The move is part of StablecoinX’s ongoing accumulation strategy for ENA, significantly increasing its token holdings in the Ethena ecosystem. StablecoinX expands ENA holdings StablecoinX has now raised a total of $895 million in private […]
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