Ethena Labs

Blackrock Joins Race to Issue New Stablecoin

September 27, 2024 Bitcoin.com

bitcoin.com

Blackrock has announced its backing of a new stablecoin, UStb, launched by Ethena Labs. Supported by Blackrock’s BUIDL fund, UStb is designed to provide a reliable alternative in the stablecoin market, leveraging investments in U.S. dollars, short-term Treasury bills, and repurchase agreements. Ethena Labs has partnered with Securitize to facilitate the launch, aiming to enhance […]

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Van Eck reissues $180K Bitcoin price target for current market cycle

Ethena Labs Expands USDE to Solana, Reveals Gradual SOL Integration

August 8, 2024 Bitcoin.com

bitcoin.com

On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL now also being used as part of the stablecoin’s reserve backing. USDE Stablecoin Project Extends to Solana, Includes SOL Backing Despite witnessing redemptions totaling around […]

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Van Eck reissues $180K Bitcoin price target for current market cycle

Arthur Hayes-Backed Ethena Labs Announces New Tokenomics Update for ENA

June 19, 2024 The Daily Hodl

Altcoins

Synthetic dollar protocol developer Ethena Labs is updating the tokenomics for its native asset, ENA, in a bid to increase the token’s utility. Ethena aims to provide a crypto-native solution for money not reliant on traditional banking system infrastructure via a synthetic dollar called USDe. The protocol also offers a dollar-denominated savings instrument called “the Internet Bond.” […]

The post Arthur Hayes-Backed Ethena Labs Announces New Tokenomics Update for ENA appeared first on The Daily Hodl.

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Van Eck reissues $180K Bitcoin price target for current market cycle

Ethena’s USDe To Be Integrated Into Third Largest Global Crypto Exchange Bybit

May 7, 2024 The Daily Hodl

Altcoins

A new Ethereum (ETH)-based USD-pegged stablecoin is getting a boost from one of the world’s largest crypto exchanges. Ethena Labs has announced that USDe, the stablecoin of the Ethena (ENA) ecosystem, is being integrated by Bybit, the third largest crypto exchange by trading volume. “We are excited to share one of the most important developments for USDe adoption to date. As of […]

The post Ethena’s USDe To Be Integrated Into Third Largest Global Crypto Exchange Bybit appeared first on The Daily Hodl.

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Van Eck reissues $180K Bitcoin price target for current market cycle

Ethena Labs Onboards Bitcoin as a Backing Asset for the Crypto Project’s Synthetic Dollar

April 6, 2024 The Daily Hodl

Altcoins

Synthetic dollar protocol developer Ethena Labs has added Bitcoin (BTC) to the backing of its USDe stablecoin, the firm’s flagship product. Announcing via the social media platform X, Ethena Labs says that using Bitcoin to back USDe is “a crucial unlock which will enable USDe to scale significantly” from its current supply of $2 billion. […]

The post Ethena Labs Onboards Bitcoin as a Backing Asset for the Crypto Project’s Synthetic Dollar appeared first on The Daily Hodl.

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Van Eck reissues $180K Bitcoin price target for current market cycle

Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion

April 5, 2024 Bitcoin.com

Altcoins

On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest stablecoin by market capitalization, now valued at over $2 billion. USDE to Utilize Bitcoin as Collateral An update shared by Ethena […]

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Van Eck reissues $180K Bitcoin price target for current market cycle

Fantom founder Andre Cronje speaks out on negative funding rates and unbacked assets

April 4, 2024 The Crypto Briefing

Andre Cronje warns that while "things are going great now" such a momentum in the crypto space would eventually turn.

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Van Eck reissues $180K Bitcoin price target for current market cycle

Fake token copies Ethena Labs, gets exploited for $290K on Binance Launchpool

March 29, 2024 The Crypto Briefing

Someone posing as Ethena Labs made a fake token.

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Van Eck reissues $180K Bitcoin price target for current market cycle

$14M Capital Infusion Catapults Ethena Labs’ Valuation; Stablecoin Ranks 9th Largest

February 16, 2024 Bitcoin.com

bitcoin.com

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, […]

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Van Eck reissues $180K Bitcoin price target for current market cycle