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Ethena’s synthetic dollar is racing toward a $15 billion market cap, and the road signs all point to bigger ambitions ahead. Ethena’s USDe Market Cap Edges Higher USDe isn’t a cash-in-the-bank stablecoin; it’s a crypto-native dollar built on Ethereum and a handful of other chains, flexing a delta-neutral hedge to keep its peg locked. The … Read more
MEXC Ventures has expanded its investment in Ethena’s ENA token and USDe stablecoin to $66 million. This reinforces its bet on synthetic-dollar protocols as global stablecoin inflows hit record levels in Q3. Synthetic Dollar Momentum Builds as MEXC Ventures Boosts Ethena Exposure MEXC Ventures, the investment arm of crypto exchange MEXC, has increased its total … Read more
The stablecoin arena just got a little juicier. Over the past week, the market bulked up by $3.969 billion—a 1.36% lift. Tether’s USDT strutted in with a fresh $2 billion under its belt, flexing its dominance at 58.68% of the $295.797 billion fiat-pegged token pool this weekend. Ethena’s USDe and Falcon’s USDf Rise While USDC, … Read more
Ethena Labs has submitted a proposal to operate Hyperliquid’s native USDH stablecoin, outlining a structure that begins with full collateralization in USDtb and a governance-linked security model. Blackrock, Securitize Ties Featured in Ethena’s USDH Bid for Hyperliquid The latest bid from Ethena positions USDH as “Hyperliquid-first,” initially backed 100% by USDtb, a stablecoin whose reserves … Read more
According to metrics, the stablecoin economy has crossed the $280 billion range for the first time in history. Stablecoins Shatter Historic $280B Milestone With $3 Billion Added Overnight Defillama.com stats show the total stablecoin market cap now sits at $283.31 billion, climbing $6.99 billion (+2.53%) over the past week, and $3 billion of that was … Read more
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, Ethena Labs announced … Read more
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 Funding TLGY Acquisition Corp. has announced the … Read more
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: BUIDL Now Swappable 24/7 for USDtb Ethena’s USDtb is a blockchain-based stablecoin pegged 1:1 to the U.S. dollar. It is primarily backed by shares in … Read more
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 dominated by Tether (USDT) and USDC, but a new entrant has quietly … Read more
Voting on the proposal is open from Dec. 27 until Jan. 1, with all votes that have been cast so far in favor of the proposal, all the comments in the discussion are also in favorablecoin-live. Go to Source