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Ethena launched a High Yield Vault on Coinbase on June 11, powered by its USDe synthetic dollar stablecoin.
Janus Henderson, a $480 billion asset manager, purchased ENA governance tokens, added USDe to its treasury, and plans to co-develop crypto ETPs with Ethena.
New data reveals Ethena's USDe is shifting its backing from high-yield derivatives to a more conservative model, with nearly half of its reserves now in DeFi lending.
Jupiter, in collaboration with Bitwise and Fluid, is launching an institutional-grade lending market on the Solana blockchain for the USDe synthetic stablecoin.
Ethena USDe (USDE) current price is $0.998868, down 0.01% today.
Ethena USDe (USDE) daily trading volume is $84.0M
Ethena USDe (USDE) current market cap is $4.4B
Ethena USDe (USDE) current circulating supply is 4.4B
Ethena USDe (USDE) fully diluted market cap (FDV) is $4.4B
Ethena USDe (USDE) is founded by Guy Young