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Ethena Labs has withdrawn its bid to issue Hyperliquid’s USDH stablecoin after validators and community members raised concerns.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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The firm eyes to benefit from the rapid growth of Ethena's digital dollar USDe, fitting into a broader trend of listed companies accumulating cryptocurrencies.
Ethena Labs has expanded the list of eligible assets to support its synthetic dollar, USDe, by approving BNB, XRP, and Hyperliquid’s HYPE. The move is part of a new Eligible Asset Framework that sets clear benchmarks for which tokens can be used in the stablecoin’s collateral system. Liquidity concerns According to the Ethena Risk Committee, […]
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Lido and ethena surged double digits Friday as both tokens look to return to last week's highs.
Ethena’s USDe boom is increasingly routed through Aave, but risk teams say popular Pendle–Aave loop scales yield and concentrates risk.
Ethena (ENA) prices are presently in the red zone during a broader crypto market correction. According to data from CoinMarketCap, the DeFi token recorded a significant 2.00% loss in the past day, with prices presently set hovering around $0.55. Amidst this price decline, top market analyst Ali Martinez has identified the major support regions that investors should monitor in the event of any further price retracement. Related Reading: Ethereum Drops 6% After Hitting $3,800, But Analysts See New ATH Ahead Ethena CBD Shows Key Price Floors At $0.47, $0.44, And $0.35 According to Martinez, the cost basis distribution (CBD) model has revealed the three short-term relevant support zones in the ENA market. For context, the CBD model is an on-chain framework that visualizes the amount of tokens accumulated at various price levels. It is used to identify important price zones, i.e., potential support or resistance levels, based on their registered volumes of accumulation. In the chart above, it is observed that the more intense (warmer) the color, the higher the greater supply concentration of ENA at that level. Based on this system, it can be inferred that the immediate support levels for ENA currently lie around $0.44 and $0.47, where significant price clusters have been formed in the last month. However, if a compelling selling pressure forces the ENA price below this support zone, investors should anticipate the next price halt around $0.35. This price region is presently the strongest support in the Ethena market, as shown by the deepest red horizontal bar on the CBD model, which represents an estimated $1 billion ENA supply cluster. Notably, a price crash to the $0.35 support zone indicates a potential estimated 37.5% loss from current prices. Meanwhile, the CBD model also reveals that ENA’s next price resistance sits around the $0.60, at which lies the next immediate cluster above the spot price. Related Reading: Avalanche (AVAX) DeFi TVL Rises Nearly 40% Following Octane Upgrade Ethena Price Outlook At the time of writing, ENA trades at $0.57, reflecting a 2.08% decline in the last 24 hours as earlier stated. Meanwhile, the token’s daily trading volume is up by 2.05% indicating a slight rise in market engagement and transaction volume. According to CoinCodex, investor sentiment remains strongly bullish, with 67% of the past month’s trading days closing in the green. Additionally, the Fear & Greed Index sits at 65, reflecting a relatively strong appetite for risk among investors. However, Coincodex analysts hold a cautious market view with predictions of $0.46 and $0.45 in the next five and 30 days, respectively. Meanwhile, their long-term forecast project ENA to also trade around $0.46 in the next three months. Featured image from Ethena, chart from Tradingview
In just 20 days, USDe added over $3.1B in supply, eclipsing inflows into BlackRock’s IBIT and ETHA combined. Reflexive market dynamics and rising yields are fueling the stablecoin’s explosive growth.
Ethena Labs has partnered with Anchorage Digital to launch a fully regulated version of its USDtb stablecoin within the United States, aligning with the newly enacted GENIUS Act, according to a July 24 statement. The collaboration marks a major milestone for Ethena as it transitions USDtb’s issuance to a domestically regulated GENIUS Act framework that […]
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Ethena's token ENA was up 10%, outperforming the broader crypto market that saw many altcoins plunging overnight.