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Ethena

Ethena is a synthetic dollar protocol built on Ethereum. Their flagship product is a crypto-native and yield-bearing stablecoin: USDe. Its design is fully-collateralized, onchain and maintains stability through a delta-hedged derivatives structure. Ethena also offers a digitally-native and globally accessible dollar savings asset sUSDe (The Internet Bond).

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Ethena

Ethena Rolls Out Stablecoin Backed by BlackRock's BUIDL Token
The protocol's governance token ENA rallied over the weekend as Donald Trump-affiliated World Liberty Financial invested in the token.
USDtb Launch
Ethena Labs is excited to announce the public launch of a new stablecoin product, USDtb, which has its reserves invested in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) - in partnership with Securitize, the leader in the tokenization of real-world assets.
Ethena Announces Plans to Partner with Securitize for Launch of New Stablecoin, USDtb
We are excited to announce the planned launch of a new stablecoin, USDtb, which intends to invest its reserves in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize, the leader in the tokenization of real-world assets.
Ethena Season 3 Update
September 2nd marks the end of Season 2. Since the beginning of Season 2, USDe has grown from a supply of ~1.3b to just under 3.0b, and was the fastest USD-pegged asset to reach 3.0b in crypto history.