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Nalezeno "Ethena Labs": 57

BNB Joins USDe’s Backing, XRP and HYPE Next in Line


The team behind Ethena’s USDe, the third-largest stablecoin by market cap, has now opened the door for BNB to be used as collateral. The group also hinted that XRP and HYPE could soon be added to the roster of supported assets. Ethena Approves BNB Collateral, Teases XRP and HYPE Entry On Friday...

StablecoinX Launches With $360 Million Backing for Ethena Treasury


TLGY Acquisition Corp. will merge with SC Assets to create StablecoinX, a company focused on building an ENA treasury. Backed by $360 million in PIPE financing, the venture aims to secure a major stake in Ethena’s stablecoin ecosystem. ENA Treasury to be Powered by StablecoinX Through $360 Million...

Ethena Labs, Securitize unveil 'Converge' network roadmap


Ethena Labs, the developer of the USDe synthetic dollar (USDe), and financial technology company Securitize, released a preliminary roadmap for their upcoming Converge network, a high-throughput blockchain focused on real-world assets and decentralized finance (DeFi).According to the announcement...

Ethena Labs exits German market following agreement with BaFin


Synthetic stablecoin developer Ethena Labs is winding down its German operations less than a month after regulators identified “deficiencies” in its dollar-pegged USDe (USDE) stablecoin, signaling heightened scrutiny around crypto assets in Europe’s largest economy.Ethena Labs...

Ethena Labs exits German market following agreement with BaFin


Synthetic stablecoin developer Ethena Labs is winding down its German operations less than a month after regulators identified “deficiencies” in its dollar-pegged USDe (USDE) stablecoin, signaling heightened scrutiny around crypto assets in Europe’s largest economy.Ethena Labs...

Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets


Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. According to a March 17 announcement, the forthcoming Converge blockchain...

Report: Ethena Labs Secures $100M From Top-Tier Investors


A recent Bloomberg report reveals that Ethena Labs, the crypto startup behind the yield-bearing stablecoin USDe, has secured $100 million from well known strategic investors. Ethena Labs Garners $100M in Pivotal Funding Round Over the past year, the yield-bearing stablecoin USDe has captured...

Ethena Stablecoin Nears $6B Market Cap, Tops $250M in Revenue


USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It’s a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg with the U.S. dollar. USDE is Quietly Leading the Niche Stablecoin Market The $212 billion stablecoin market is currently...

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