News with the tag "usde"

Ethena Labs founder Guy Young has stated that its synthetic dollar, USDe, benefits leading stablecoin issuer Tether. In a post on X, Young noted that Ethena’s USDe is not a competitor to Tether’s USDT. According to Young, the growth of Ethena actually benefits Tether because every unit of shorts tha...

In the ever-turbulent world of cryptocurrency, regulatory clarity is as sought after as the shiniest new token. Recently, Ethena, a prominent player in the DeFi space known for its synthetic dollar USDe, faced a regulatory hurdle. But fear not, crypto enthusiasts! Ethena has stepped forward to addre...

In a stunning move that has sent ripples through the cryptocurrency world, Germany’s Federal Financial Supervisory Authority, better known as BaFin, has dropped a regulatory bombshell. Imagine waking up to news that a financial watchdog in a major European economy has slammed the brakes on a popular...

The German financial regulatory authority, BaFin, has ordered the suspension of all public sales of the USDe token issued by Ethena GmbH. BaFin’s decision stems from concerns that the token violates European Union regulations and potentially constitutes unregistered securities. Ethena GmbH, the Fran...

On March 17, 2025, Ethena Labs published a report on Mirror detailing the information about the launch of its new upcoming blockchain, Converge. In the post, Converge is described as a purpose-built EVM (Ethereum Virtual Machine) blockchain optimized for both retail and institutional decentralized f...

Ripple’s latest stablecoin minting emphasizes its growing influence in the blockchain payments sector. The recent addition of 3.1 million RLUSD into circulation signifies a strategic move that reflects Ripple’s commitment

In a bold move signaling strong confidence in the future of decentralized finance (DeFi) and stablecoins, cryptocurrency exchange MEXC has announced a substantial $36 million commitment to Ethena, a project focused on innovative stablecoin solutions. This significant MEXC investment is divided into ...

Ethena Labs has integrated Chaos Labs' data authenticity technology, Edge Proof oracles, to strengthen the risk management framework for its synthetic dollar token USDe. Edge oracles will independently verify the total dollar value of the USDe's reserves and the reserve coverage of USDe's supply and...

Ethena, developer of the synthetic stablecoin USDe, has raised $100 million to finance a similar token targeted at traditional financial (TradFi) institutions, Bloomberg reported on Monday . The funding round was completed in December, with Franklin Templeton and Fidelity Investments-affiliated F-Pr...

USDC’s market cap has reached $56 billion, marking a new all-time high for the stablecoin. With the milestone, Circle’s USD-pegged stablecoin continues the positive momentum that has seen its supply increase by 100% year over year. According to data from Defillama , the milestone follows a 23% growt...