Synthetic Dollar Protocol Ethena Surges by More Than 45% This Week Amid Rollout of New Product Offerings

September 28, 2024 The Daily Hodl

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The native token of the synthetic dollar protocol developer Ethena (ENA) surged by more than 45% this week as the project rolled out multiple new products. 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 […]

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Ethena to launch new stablecoin backed by BlackRock’s BUIDL

September 26, 2024 Coin Telegraph

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Ethena’s synthetic stablecoin USDe can benefit from incorporating UStb during periods of weak funding conditions, Ethena Labs said.

Ethena Labs, developer of the decentralized stablecoin protocol Ethena, is working on a new stablecoin backed by a tokenized fund from BlackRock.

Ethena Labs took to X on Sept. 26 to announce its new stablecoin project, UStb (USTB), which will be built in partnership with major Bitcoin investor (BTC) BlackRock and the digital securities platform Securitize.

The stablecoin will be backed by BlackRock’s tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which offers a stable value of $1 per token.

Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals

Ethena domain registrar hacked, Ethena Labs warns users to stay away

September 18, 2024 Coin Telegraph

Coin Telegraph

The Ethena website appears to have suffered a front-end attack, and users are encouraged not to interact with the platform.

The Ethena website suffered what appears to be a front-end exploit on Sept. 18, and Ethena Labs has cautioned users not to interact with any site or application claiming to be Ethena.

According to a social media post from Ethena Labs, the website's domain registrar account was compromised, and the site is currently deactivated until the issue is resolved.

Ethena Labs also reassured clients that the Ethena protocol was not affected by the exploit and that all customer funds were safe.

Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals

USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead

September 3, 2024 Bitcoin.com

Altcoins

Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena’s USDE supply has decreased by 130 million, pushing First Digital’s FDUSD into the fourth largest spot. Stablecoin Shakeup: USDE Slips to 5th, FDUSD Rises to […]

Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals

Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months

August 30, 2024 Bitcoin.com

Ethena’s USDE Sees Market Cap Shrink by 0M in Less Than 2 Months

Altcoins

Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug. 30, the stablecoin economy expanded from […]

Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals

Stablecoin Market Sees PYUSD Supply Swell While USDE Shrinks With Redemptions

August 6, 2024 Bitcoin.com

Altcoins

Over the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than 70%, while Ethena’s USDE saw an 8.82% decrease within the past 13 days. Ethena’s USDE Drops […]

Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals

Stablecoin Market Remains Steady in June Amidst Crypto Volatility

June 30, 2024 Bitcoin.com

Altcoins

While June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply increasing by 21.4% since May. Stablecoin Economy Shows Little Change in June The stablecoin market remained relatively […]

Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals

Ethena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD

June 2, 2024 Bitcoin.com

Ethena’s USDE Stablecoin Surpasses Billion, Flipping First Digital’s FDUSD

Altcoins

This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $3 billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds $3 Billion Launched in February, the synthetic U.S. dollar stablecoin USDE, which offers yield earnings on holdings, has exceeded the $3 billion threshold. As of […]

Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals

Top Trader Reveals ‘Obvious’ Altcoin Play Amid Potential Spot Ethereum ETF Approval

May 24, 2024 The Daily Hodl

Altcoins

A top crypto trader thinks one Ethereum (ETH)-based decentralized finance (DeFi) token is an “obvious play” amid recent ETH developments. The pseudonymous analyst known as the Flow Horse tells his 216,500 followers on the social media platform X that the governance token of Ethena (ENA) looks promising. “Looking to go for round 2 of a […]

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Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals

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 […]

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