Alchemy Pay has partnered with Ethena Labs to enable direct fiat purchases of USDe and ENA using regular payment methods.

Ethena Labs has partnered with Chainlink, Harris & Trotter, Chaos Labs and LlamaRisk, to launch proof of reserves for its synthetic dollar stablecoin.

Stablecoins surpass Visa, Mastercard in transaction volume, signaling a major shift in global finance.

Ethena Labs' USDe continues to make moves to position itself as a logical alternative to USDC and USDT as the stablecoin competition heats up. The latest in a series of progressive moves Ethena Labs has made regarding USDe involves Bybit, one of the largest exchanges in the industry right now.

TL;DR Ethena surpasses DAI and reaches a $6 billion market capitalization with its stablecoin USDe, standing out in the sector. The integration of sUSDe into Aave drives over $1 billion in inflows in just a few weeks, attracting large investors. Ethena launches USDtb, a stablecoin backed by U.S.

Aave, a leading decentralized finance (DeFi) platform, is gearing up to introduce a fee switch mechanism aimed at boosting its economic model.

A new proposal to hardcode the price of Ethena's USDe to match Tether's stablecoin USDT in Aave's pricing feed has seen huge pushback from community members. The proposal, jointly authored by Chaos Labs and LlamaRisk claims to protect Aave users from secondary market fluctuations.

The Aave community has pushed back against the proposal, questioning whether it addresses the core risks.

Ethena's USDe stablecoin recently surpassed Sky's Dai in market capitalization to become the third-largest stablecoin.

The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.

Ethena Labs is going through the most rapid expansion of the USDe supply in its history, boosted by bullish crypto sentiment.

"Given the uncertainty, Maelstrom has 5% of the fund in staked USDe (Ethena USD), earning roughly 13%," Hayes told CoinDesk.

The community behind a synthetic dollar protocol on Ethereum (ETH) is proposing adding a top ETH rival to its reserve assets for its stablecoin. According to a new Ethena (ENA) community proposal, the community is considering adding Solana (SOL) as a reserve asset for the US-dollar pegged stablecoin USDe.

Ethena proposes adding Solana and liquid staked SOL variants as reserve assets for its USDe stablecoin, potentially unlocking billions in additional open interest and boosting the ENA token price.

Ethena Labs has proposed adding Solana (SOL) to the collateral mix of its synthetic stablecoin USDe, targeting a $100-200 million initial allocation.

In the latest development, the Ethena community introduced a new proposal that seeks to use Ethereum's Layer-1 competitor Solana as a reserve asset for its synthetic dollar USDe. This development has sent the Ethena (ENA) price soaring by another 17% today to $0.39 thereby taking its market cap above $1.06 billion.

If the proposal is approved, SOL will join BTC and ETH within Ethena's collateral mix.

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.

Solana's doing well on the price front, but there may be more good news.

Ethena Labs has announced the launch of its stablecoin, USDe, on the Solana network as of August 7.

USDe was made available on Solana and became integrated with multiple Solana-based DEXs and DeFi protocols, including Kamino, Orca and Drift.

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.

Ethena Labs has expanded its “synthetic dollar” USDe to the Solana blockchain and revealed intentions to add the SOL token as a backing asset for the stablecoin, according to an Aug. 7 statement. USDe's integration with Solana was achieved through LayerZero's omnichannel fungible token (OFT).

TL;DR Ethena Labs has integrated its synthetic stablecoin USDe into the Solana blockchain, aiming to overcome challenges associated with stablecoins and provide a robust and decentralized alternative. USDe is a crypto-native synthetic asset that stands out from traditional stablecoins due to its scalability and censorship resistance.

Ethena Labs has announced the expansion of its USDe stablecoin to the Solana blockchain. This strategic integration not only broadens USDe's reach but also introduces a novel approach to stablecoin mechanics in the rapidly evolving world of decentralized finance.

This move advances stablecoin evolution and showcases Ethena Labs' commitment to solving key crypto challenges. USDe, Ethena Labs' synthetic dollar, is designed to offer a scalable and censorship-resistant alternative to traditional stablecoins.

The company said it's confident the Solana integration will significantly increase adoption of its USDe stablecoin.

Ethena's USDe will grow its presence on Pendle and Aave. Ethena's USDe tries to build liquidity pairs on multiple protocols, to ensure its price stability and good reputation among traders.

In recent market developments, a notable partnership emerged between USDe and Aave, facilitating significant functionalities for users. This collaboration enabled users to execute two key actions seamlessly.

Synthetic USDe offers traders a way to hedge against market volatility and manage risk more effectively when trading on margin.

Ethena Labs' USDe, a synthetic dollar stablecoin, has garnered significant community adoption, propelling it to become the fourth-largest stablecoin by market capitalization. This achievement comes at a notable juncture, as the stablecoin surpassed the entire Solana blockchain in revenue generation within the past week.

Ethenas' synthetic dollar, USDe, has quickly reached a $3 billion supply just four months after its launch.

Ethena's synthetic dollar cryptocurrency, USDe, has experienced a significant increase in market capitalization, surpassing $2.66 billion.

Bybit is integrating Ethena Labs' synthetic dollar, USDe, as a collateral asset and in spot trading pairs for bitcoin and ether.

Ethena's USDe has recorded explosive growth over the past month. Can it compete with Tether and Circle given its inherent risks?

A newcomer has swiftly risen to prominence in the Stablecoin market, challenging the dominance of traditional players like USDT and USDC. USDe, a recently launched stablecoin, has accumulated a market cap of $2 billion in a very short period.

The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena's USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar's value, declined to $0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin.

Bitcoin collateral for Ethena's USDe synthetic dollar has exceeded $500 million less than a week after its introduction. The platform's website data showed approximately $537 million in Bitcoin reserves across various exchanges such as Binance, OKX, and Deribit.

Ethena Labs has made headlines by announcing its intention to back its USDe synthetic dollar with Bitcoin.

Ethena Labs aims to strengthen USDe's backing, ultimately providing a safer product for its users leveraging BTC's expanding open interest.

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.

Ethena Labs has announced the onboarding of Bitcoin as a backing asset to enhance the stability and appeal of its USDe stablecoin.

TL;DR Ethena Labs Integrates Bitcoin: Ethena Labs has added Bitcoin as collateral for its USDe synthetic dollar to increase safety and scale the supply, enhancing the product's robustness.

The idea is to make the algorithmic stablecoin more stable, but doubts remain.

Ethena Labs announced to back its USDe synthetic dollar with Bitcoin and some crypto experts have raised red flags on the move as it may crash the crypto market. Among these experts, on-chain data platform CryptoQuant CEO said USDe backed by Bitcoin raises risks of a potential Terra LUNA-like crisis.

Decentralized Finance (DeFi) protocol Ethena Labs has announced the addition of Bitcoin as one of the backing assets for its synthetic dollar-pegged stablecoin. The USDe is already backed by ETH, ETH-based liquid staking tokens, and Tether (USDT).

The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.