Ethena


Finance

Anchorage Digital Aims to Pay 'Rewards' on Ethena's Tokens Under GENIUS Act

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.

Nathan McCauley, co-founder and CEO of Anchorage Digital at Consensus 2025.

Markets

Recent Bitcoin Crash Has Put $1B in sUSDe Loop Trades at Risk, Research Firm Says

looped positions that rely on borrowing stables to buy sUSDe are at risk, Sentora Research said.

(Patrick McManaman/Unsplash)

Finance

Ethena-Backed DEX Terminal Finance Reaches $280M in Pre-Launch Deposits

Terminal Finance, a decentralized exchange incubated by Ethena Labs, has attracted $280 million in deposits before launch.

cash pile (Unsplash)

Opinion

Tether and Circle’s Dominance Is Being Put to the Test

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.

Two male buffalo engaged in a standoff (Unsplash/ redcharlie/ Modified by CoinDesk)

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Markets

No, Ethena's USDe Didn't De-peg

The supposed de-pegging was only limited to Binance while deviations were much more restrained on other major liquid avenues like Curve.

(Luis Villasmil/Unsplash)

Markets

Ethena's USDe Briefly Loses Peg During $19B Crypto Liquidation Cascade

USDe recovered quickly, and Ethena Labs confirmed that the mint and redeem functionality remained operational, with the stablecoin remaining overcollateralized.

A bear roars

Web3

Solana's Jupiter to Develop JupUSD Stablecoin With Backing From Ethena Labs

JupUSD will be developed in partnership with Ethana Labs and initially be fully collateralized by Ethana's USDtb stablecoin.

Jupiter (Kamran Abdullayev/Unsplash/Modified by CoinDesk)

Finance

Sui Blockchain to Host Native Stablecoins Backed by Ethena and BlackRock's Tokenized Fund

Digital asset treasury firm SUIG, the Sui Foundation and Ethena teamed up to create two proprietary stablecoins for the network.

CoinDesk

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Finance

MEXC Ventures Raises Ethena Investment to $66M

The new investment builds on previous purchases of ENA and USDe, its synthetic stablecoin that tracks the value of the dollar without traditional reserves.

Seed Funding Investment coins in a jar (Towfiqu barbhuiya/Unsplash/Modified by CoinDesk)

Finance

M2 Capital Invests $20M in Ethena to Expand Digital Assets in Middle East

Ethena’s synthetic dollar protocol draws backing from UAE-based M2 Holdings affiliate

Dubai, UAE. (CoinDesk Archives)

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