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Ethena Labs, the team behind the synthetic dollar-pegged product USDe, has announced the addition of Bitcoin (BTC) as collateral.

USDe is already backed by Ether, Ether-based liquid staking tokens and Tether, but Ethena says Bitcoin will provide more “safe” and “robust” product for USDe token holders.

Ethena Labs adds Bitcoin to back its USDe stablecoin, embracing resurgence in the alpha crypto and diversifying backing assets as it scales.

Ethena Labs announced the inclusion of Bitcoin as a backing asset for its USDe synthetic dollar. The DeFi protocol was communicated via X on Thursday.

USDe is now also being backed by bitcoin amid a resurgence in the world's oldest cryptocurrency, Ethena Labs said Thursday.

Fantom founder Andre Cronje voices apprehension about USDe stablecoin's sustainability, invoking fears of a Terra-like collapse.

A recent Aave proposal threatens to sever any remaining strings holding both projects together.

The decentralized finance (DeFi) protocol Maker (MKR) is considering allocating up to $600 million worth of its stablecoin DAI into markets for Ethena's synthetic dollar, USDe. Last week, Maker deployed 100 million DAI to Spark's sUSDe/DAI and USDe/DAI markets on Morpho Blue, a lending protocol on Ethereum (ETH).

Ethena Protocol and its flagship product USDe have both been at the center of a dispute between MakerDAO and Aave.

TL;DR Ethena Labs ENA Token: Ethena Labs has launched its governance token, ENA, with strong market anticipation reflected in prelaunch futures trading. The token debuted at 64 cents, aiming to strengthen Ethena's DeFi market presence and governance.

Is MakerDAO towing a dangerous path amid proposed plans to allocate $1 billion DAI to USDe?

Decentralized Finance (DeFi) protocol MakerDAO is considering allocating 600 million DAI stablecoins to the USDe and staked USDe (sUSDe) protocols through the DeFi lending platform Morpho Labs. The proposed allocation aims to improve risk management and maximize user incentives in the DeFi landscape.

Marc Zeller, the founder of the Aavechan Initiative, has proposed to the decentralized autonomous organization (DAO) overseeing Aave to remove DAI stablecoin's collateral status within the protocol's lending ecosystem.

Synthetic dollar issuer Ethena Labs has announced the launch of claims for its new governance token ENA. The protocol, known for its yield-earning USDe token, is looking to distribute 750 million ENA tokens through an airdrop.

MakerDAO, the governing body of the popular DAI stablecoin, is contemplating a substantial allocation of 600 million DAI to the fast-growing USDe synthetic dollar stablecoin via Morpho Labs. This strategic move comes as Ethena Protocol, the platform behind USDe, prepares to launch its native ENA token airdrop.

MakerDAO is reportedly considering a substantial investment of $600 million in DAI into USDe and staked USDe (sUSDe) via Morpho Labs' DeFi lending protocol. This move is in line with the growth strategies of MakerDAO and extends the company's activity in the cryptocurrency lending sector.

The move would put Ethena total value locked growth "on track with internal expectations," according to Ethena's head of growth, Seraphim Czecker.

In the past 12 days, the stablecoin sector has experienced a growth of $4.95 billion, reaching a new 2024 high of $149.03 billion in market valuation.

thena, the prominent DeFi protocol with nearly $1 billion in TVL, expands its ecosystem by launching USDe and Ethena Shards exclusively on the Injective blockchain.

The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five stablecoins by market cap, with FDUSD's supply growth leading amongst the five. Stablecoin Economy Rises 2.