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Yesterday marked a historic day for stablecoins, which experienced the highest number of single-day transfers ever recorded. This surge in activity comes as institutions begin to inject funds into the crypto market, taking advantage of lower prices to buy the dip. Cumberland, a major player in the crypto space, received […]
USDe was made available on Solana and became integrated with multiple Solana-based DEXs and DeFi protocols, including Kamino, Orca and Drift.
Ethena Labs has expanded its “synthetic dollar” USDe to the Solana blockchain and revealed intentions to add the SOL token as a backing asset for the stablecoin, according to an Aug. 7 statement. USDe’s integration with Solana was achieved through LayerZero’s omnichannel fungible token (OFT). Ethena Labs noted that over 90% of Solana’s $3.5 billion […]
The post Ethena Labs expands synthetic dollar USDe to Solana, plans SOL backing appeared first on CryptoSlate.
The integration will also offer Bybit users daily airdrop rewards for holding Ethena's USDe.
Ethena Protocol has been making waves in the DeFi space by offering users high yields through its innovative stablecoin, USDe. This is achieved by holding specific assets like stETH or BTC and simultaneously shorting an equivalent amount in the perpetuals market, creating a unique mechanism for generating returns. However, the […]
The user fell victim to the phishing scam after signing multiple phishing signatures, which resulted in the loss of their digital assets.
Ethena and TON Foundation launch USDe and tsUSDe on TON, bringing dollar savings to Telegrams 1B+ users with up to 10% APY and DeFi access.
Bitcoin collateral for Ethena’s USDe synthetic dollar has exceeded $500 million less than a week after its introduction. The platform’s website data showed approximately $537 million in Bitcoin reserves across various exchanges such as Binance, OKX, and Deribit. The amount represents roughly 26% of its total asset reserve. The other reserve assets include $714 million […]
The post Ethenas USDe Bitcoin collateral exceeds $500 million in a week appeared first on CryptoSlate.
CryptoQuant CEO Ki Young Ju has voiced concerns about Ethena’s recent decision to incorporate Bitcoin as a backing asset for its USDe synthetic dollar. On April 4, Ethena Labs revealed plans to onboard BTC as a backing asset for USDe to create a safer product for its users. The firm said: “After the unprecedented growth […]
The post Experts worry Ethena’s Bitcoin-backing strategy for USDe could bring ‘contagion risks’ appeared first on CryptoSlate.
Ethena Labs, the entity behind the USDe synthetic dollar, has released the asset’s first attestation report, which shows the stablecoin remained fully collateralized over the past week despite significant turbulence in the crypto market. The report follows a brief depegging incident during a market-wide downturn during the weekend. Attestation report As of April 15, the […]
The post USDe maintains full collateralization amid first market ‘stress test’ appeared first on CryptoSlate.
Ethena, the protocol powering the USDe synthetic dollar, raked in $6.53 million in fees over the last 24 hours, cementing its position as the top fee-generating decentralized application (dApp) in the crypto space, according to data from DeFillama. Seraphim Czecker, Ethena Labs’ Head of Growth, shared insights from Token Terminal, affirming the project’s remarkable milestone. […]
The post BitMEX co-founder believes this stablecoin could flip Tether one day appeared first on CryptoSlate.
A major recent event in the world of decentralized finance (DeFi) has led to a huge sum of USDe (the DeFi stablecoin) being unstaked, in turn bringing about a surprise shift in USDe staking dynamics. The developer behind the dashboard @tomwanhh reports that a staggering 880 million USDe were unstaked over the last four days. [...]
The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five stablecoins by market cap, with FDUSD’s supply growth leading amongst the five. Stablecoin Economy Rises 2.31% in [...]
The post Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374% appeared first on Crypto Breaking News.
The German financial regulator has taken a decisive step by prohibiting Ethena GmbH from selling their USDE token. This action comes after the regulator conducted a thorough investigation into the company’s operations and found that they were not complying with regulatory requirements. The ban on USDE sales serves as a reminder that regulatory compliance is [...]
The post German financial regulator bans Ethena’s USDe sales appeared first on Crypto Breaking News.
Ethena, a protocol that seeks to build a banking system independent stablecoin, has announced that it has raised $6.5 million in its seed round. The round, led by Dragonfly, aims to help issue Ethena’s decentralized stablecoin product in Q3 2023, which was inspired by an article written by former Bitmex CEO Arthur Hayes. Stablecoin Protocol [...]
The post Ethena Raises $6.5 Million to Develop an Ethereum-Based, Banking System Independent Stablecoin appeared first on Crypto Breaking News.
Ethena, the developer behind the synthetic stablecoin USDe, has raised $100 million to support the launch of a new token,iUSDe , aimed at traditional financial institutions (TradFi). Ethena Raises Funds to Launch iUSDe USDe Stablecoin issuer, Ethena has raised $100 million to fund the launch of iUSDe. The funding round, which closed in December, saw […]
In the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days. Specifically, three stablecoins have driven this upswing, with the stablecoin ethena usde at the forefront [...]
The post Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players appeared first on Crypto Breaking News.
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 from Maelstrom, overseen by Arthur Hayes, in July 2023, the company’s post-valuation has risen to $300 million. USDE Issuer Ethena Labs Raises $14M Ethena Labs, [...]
The post $14M Capital Infusion Catapults Ethena Labs Valuation; Stablecoin Ranks 9th Largest appeared first on Crypto Breaking News.
The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.
Stablecoin trading volume saw a sharp increase, placing monthly volumes on exchanges on track to new highs in 2024.
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