Ethena | Crypto

Ethena founder said that USDe supply is up $3.1 billion in over 20 days, with more inflows than all BTC ETFs combined.

USDe’s market cap surged from approximately $5.33 billion on July 17 to over $9.3 billion by August 4, marking a nearly 75% increase and propelling it into the number three slot among all stablecoins, behind only USDT and USDC. The sudden rise has positioned Ethena’s synthetic dollar among top-tier stablecoins while also raising questions about […] The post Ethena’s $9.5B USDe could now challenge USDC’s number 2 spot by 2027 appeared first on CryptoSlate.

Ethena has outperformed the broader market as ENA has climbed 37%, bolstered by blue-chip DeFi partnerships, a $360 million locked-token buyback plan, and Arthur Hayes’ latest purchase, yet overbought indicators and slowing volume around the $0.69 mark have raised questions over breakout sustainability. The post Ethena’s $ENA Rockets 37% – Will Arthur Hayes’ $1M Bet Keep the Rally Alive? appeared first on Cryptonews.

Ethena (ENA) has delivered a remarkable 21% single-day performance, reaching a six-month peak of $0.5885 and pushing monthly gains beyond 113% to elevate its market cap to approximately $3.6 billion. The post Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1? appeared first on Cryptonews.

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 […] The post Ethena taps Anchorage to navigate GENIUS Act compliance for USDtb stablecoin appeared first on CryptoSlate.

The Ethena Foundation is making a bold push into the public markets by creating a new stablecoin-focused treasury firm, StablecoinX Inc. According to a July 21 statement, the company will go public through a merger with TLGY Acquisition Corp. As part of the deal, StablecoinX plans to invest $360 million into the buyback and accumulation […] The post Ethena launches StablecoinX as ENA climbs 8% and USDe supply crosses $6B appeared first on CryptoSlate.

Ethena Labs reached $290.2 million in total protocol revenue on July 9, trailing only Tether, Circle, and Sky among stablecoin issuers.  Token Terminal data show that the stablecoin issuer reached $100 million in cumulative revenue 251 days after its launch, making it the second-fastest protocol to cross this threshold. Daily fees averaged $3.1 million during […] The post Ethena rockets to $290 million in revenue, seeks SEC clarity on USDe appeared first on CryptoSlate.

Ethena Labs has reached a final agreement with Germany’s financial regulator BaFin over the fate of its euro-area stablecoin, USDe, operations. The company announced on Wednesday that BaFin and Ethena GmbH, its German subsidiary, have agreed on a 42-day redemption plan for holders of the USDe stablecoin.USDe Redemptions End August 6 as Ethena GmbH Exits […] The post Ethena Lab’s USDe Saga Ends: BaFin Forces 42-Day Redemption Plan After Regulatory Standoff appeared first on Cryptonews.