Arthur Hayes Introduces New ‘Risk Radar’ for Ethena’s USDE Stablecoin

April 13, 2024 Bitcoin.com

Altcoins

Following criticism of Ethena’s USDE stablecoin, which brought back memories of the Terra blockchain’s Anchor protocol failure, Ethena backer Arthur Hayes introduced a risk tracker by intotheblock.com that monitors aspects like the token’s adherence to its U.S. dollar peg. Intotheblock.com’s Ethena Risk Radar Dashboard At the time of reporting, Ethena’s recently launched USDE stablecoin boasts […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

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. […]

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Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Ethena Details ENA Airdrop for Shard Holders, Announces Bitcoin Sats Campaign

March 30, 2024 Bitcoin.com

Airdrop

Ethena, the protocol for the synthetic crypto native dollar, has announced an airdrop of its governance token, ENA, for participants in its shard campaign. The platform has stated that after a 6-week shard operation, 750 million ENA (which is 5% of the total supply) will be airdropped, with the number of shards held by each […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Ethena’s USDE Yield Hits 67%, Outpacing Most Stablecoin Returns

March 8, 2024 Bitcoin.com

Altcoins

According to the most recent figures, Ethena’s USDE now boasts an APY of 67.2%, positioning it among the top annual percentage rates within the realm of stablecoin decentralized finance (defi). Furthermore, the supply of this stablecoin has expanded significantly, increasing by 414.6% in the last 30 days. Rapid Growth for Ethena’s USDE Currently, Ethena’s USDE […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

$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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