I cannot keep beating the drum for $ENAbut here I am doing just that.@Calderaxyz has now enabled the ability for their ecosystem chains to build on Ethena's stablecoin infrastructureFor context, Ethena has 14+ BILLION dollars in liquidity.Stablecoins have been and will continue to be a hot button topic for crypto this entire cycle, and organizations like Caldera making it easier, and more seamless to build directly on top of these offerings, is a home run for EVERYONE.Caldera is providing- White-glove suppo ...

Core Insights - Ethena is expanding its team by nearly 50%, marking its first major hiring push since launch, indicating new products are in development [1][2] - The upcoming initiatives are expected to create new business lines comparable in size to its existing stablecoin, USDe [2][4] Company Developments - Ethena will add approximately 10 new hires across engineering, product, and business development, expanding from a team of 20-25 contributors [2][3] - Job openings include roles such as Head of Security, Senior Backend Engineer, and various positions in DeFi and Trading [3] Product and Market Position - Ethena's new products will enhance its stablecoin ecosystem, which includes USDe and USDtb, aimed at maintaining on-chain price stability without direct fiat backing [4] - The new initiatives are expected to launch within three months and could rival the size of USDe [4] Financial Metrics - Ethena's total value locked (TVL) has reached nearly $11.8 billion, reflecting an increase of over 18% month-over-month, driven by integrations across Ethereum Layer-2s and Solana-based liquidity venues [5] Strategic Partnerships - Ethena's reputation has strengthened with backing from notable investors such as Binance Labs, Dragonfly, Fidelity, and Franklin Templeton, indicating strong market confidence [6] - The partnership with M2 Capital, a UAE-based investment arm, has further expanded Ethena's global reach [6] Market Trends - Ethena's "synthetic dollar" model is gaining traction amid increasing regulatory scrutiny of traditional stablecoins like USDT and USDC [8] - Trading volumes for USDe have surged over 25% in the past month, with daily volumes averaging $220 million [8]

RT Justin Pesola (@JustinPesola3_0)* Ethena's USDtb: Backed by BlackRock's BUIDL treasury fund.* Sky's USDS: Backed by BlackRock's BUIDL treasury fund.* FRAX: Backed by BlackRock's BUIDL treasury fund.Reminder: Securitize is the placement agent, transfer agent & tokenization platform for BlackRock's BUIDL. ...

Core Insights - Jupiter, a leading decentralized exchange aggregator on the Solana network, is set to launch its own stablecoin, JupUSD, in partnership with stablecoin issuer Ethena [1][2] - JupUSD will initially be fully collateralized by Ethena's USDtb, which is backed by BlackRock's tokenized fund representing investments in short-term U.S. treasuries [2] - Ethena's flagship stablecoin, USDe, will later be added as collateral for JupUSD [2] Company Overview - Jupiter aims to integrate JupUSD across its DeFi stack, utilizing it for perpetual futures trading, lending protocols, and trading via swap products on both desktop and mobile platforms [4] - The company has achieved significant trading volume, with nearly $20 billion in the last 30 days and $1.2 million in revenue in the last 24 hours, according to DefiLlama [4] Market Context - The total stablecoin market cap has increased to over $303 billion, marking a 75% rise from $173 billion a year ago, with Ethena's stablecoin products accounting for just over 5% of this market [5] - The passing of the GENIUS Act earlier this year has provided a regulatory framework for stablecoin trading and issuance, potentially leading to the emergence of thousands of new stablecoin products [6]

RT Ethena Labs (@ethena_labs)Here's what happened @Ethena_labs in September:• USDe & USDtb TVL crossed $16B, with USDe supply hitting $14.5B• Partnered with @Binance to integrate USDe across entire platform of 280M+ users, $190B+ assets, scaled to $3B USDe in a week• Ethena launched on @PlasmaFDN as a core dollar asset within their DeFi ecosystem, growing to >$1B in supply in a few days• USDe listed on @krakenfx, the first US exchange listing• USDe listed on @CoinoneOfficial the 3rd largest exchange in Kore ...

Ethena, last year's most scrutinized protocol, has excelled by reimagining stablecoins.Instead of payments, USDe's designed to make every dollar work harder for traders, earning yield while posted as collateral across major exchanges.Here's how Ethena is becoming the default collateral for crypto derivatives trading.👇~~ Analysis by @davewardonline ~~The Delta-Neutral MachineInspired by Bitmex co-founder @CryptoHayes's 2023 piece "Dust on Crust," @ethena_labs's flagship product is USDe, a stablecoin designed ...

Group 1 - YZi Labs, founded by Binance co-founder Changpeng "CZ" Zhao and Yi He, has increased its investment in Ethena Labs, which operates the USDe protocol, now valued at over $13 billion in circulation, making it the third-largest U.S. dollar-denominated crypto asset [1] - Ethena Labs is expanding its presence on the BNB Chain and is developing products that bridge crypto and traditional finance, including a fiat-backed stablecoin called USDtb and an institutional settlement layer named Converge, in collaboration with Securitize and partners related to BlackRock [2] - USDe, described as a "synthetic dollar," utilizes bitcoin, ether, and Solana as backing assets, maintaining a $1 peg through short perpetual futures positions, and has surpassed the $10 billion supply milestone faster than any other dollar-pegged crypto asset [3] Group 2 - Ethena has positioned itself as a leader in yield-bearing synthetic dollars since its initial meeting with YZi Labs in late 2023, providing users with more options for utilizing digital dollars across various platforms [4] - The introduction of products like Converge aims to establish a familiar settlement layer for tokenized assets, which could enhance the adoption of on-chain financial infrastructure among institutions [4]

Core Insights - YZi Labs is increasing its investment in Ethena Labs, the company behind the synthetic dollar USDe, indicating confidence in Ethena's growth potential [1][2] - USDe has seen significant growth, with over 13 billion dollars in circulation and total value locked exceeding 14 billion dollars, attracting attention from investors [2] - Ethena aims to expand USDe's presence on more exchanges and DeFi tools, and is preparing to launch new products, including a fiat-backed stablecoin and a settlement layer for institutions [3][4] Company Developments - YZi Labs' deeper involvement with Ethena is a strategic move to influence the direction of USDe as it gains traction in the market [4] - The recent integration of USDe into Binance's services, such as futures markets and yield products, has likely prompted YZi to increase its support [4] Industry Trends - The growth of USDe is putting pressure on other stablecoins to enhance their offerings, as the market evolves beyond simple dollar pegs to include yield and flexibility [6] - Ethena's success could potentially reshape the stablecoin sector, pushing it in a new direction [6]

Core Insights - YZi Labs has increased its investment in Ethena Labs, driven by the rapid growth of Ethena's synthetic stablecoin, USDe, which has surpassed a market capitalization of $14 billion [1][2] - The funding will focus on integrating USDe across more exchanges, expanding technical capabilities on BNB Chain, and developing new products like the fiat-backed USDtb stablecoin [2][3] - Ethena Labs aims to enhance the adoption of USDe in both centralized and decentralized platforms, thereby increasing its utility in the stablecoin and DeFi ecosystems [3] Company Developments - Ethena Labs' CEO, Guy Young, expressed enthusiasm about the partnership with YZi Labs, emphasizing the goal of embedding stable, yield-bearing assets into the crypto economy [4] - The ENA token, associated with Ethena, has experienced significant market volatility, with a 24% decline from its peak of $0.8077, currently trading around $0.67 [5][6] - Ethena Labs has outlined an ambitious roadmap for 2025, with continuous growth in USDe's market cap and plans to introduce USDtb to the US banking system through Anchorage Digital [7]

Core Insights - YZi Labs has increased its investment in Ethena Labs as USDe reaches a total value locked (TVL) of $13 billion, marking a significant milestone in the crypto market [1] - USDe has achieved the fastest growth trajectory in crypto history, surpassing competitors like Tether's USDT and Circle's USDC [2] - YZi Labs aims to support USDe's integration across various platforms and the development of new products, including a GENIUS Act-compliant stablecoin and an institutional settlement layer [2][4] Company Developments - YZi Labs initially supported Ethena through its Season 6 Incubation Program in February 2024, focusing on the innovative synthetic dollar concept [3] - Ethena has expanded its presence on the BNB Chain, with new money markets and partnerships being established since YZi's initial investment [4] - Ethena's protocol currently holds over $13 billion in total value locked, with ENA tokens trading around $0.67 and a market capitalization of nearly $4.59 billion [5] Regulatory Environment - Ethena's growth has faced challenges, particularly in European markets due to regulatory scrutiny over its synthetic dollar structure [5] - The German financial regulator BaFin mandated Ethena to implement a 42-day redemption plan following regulatory issues related to the EU's Markets in Crypto-Assets Regulation [6]