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…
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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…
Ethena, Securitize Enable Round-the-Clock Atomic Swaps for Blackrock’s BUIDL via USDtb
Securitize and Ethena Labs have partnered to enable nonstop atomic swaps between Blackrock’s tokenized treasury fund, BUIDL, and the stablecoin USDtb, enhancing onchain liquidity and flexibility. Institutional Crypto Liquidity Enhanced:…
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…
Blackrock Joins Race to Issue New Stablecoin
Blackrock has announced its backing of a new stablecoin, UStb, launched by Ethena Labs. Supported by Blackrock’s BUIDL fund, UStb is designed to provide a reliable alternative in the stablecoin…
Ethena Labs Expands USDE to Solana, Reveals Gradual SOL Integration
On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL…
Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion
On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended…
$14M Capital Infusion Catapults Ethena Labs’ Valuation; Stablecoin Ranks 9th Largest
On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key investors. Following this recent influx of funds and a previous $6.5 million investment…