{
}
Ethena Labs' USDE stablecoin has rapidly ascended to a nearly $6 billion market cap, generating over $250 million in revenue since its February 2024 launch. Utilizing a delta-neutral strategy and backed by real collateral, USDE distinguishes itself from past failures like TerraUSD, attracting significant investor interest in a market dominated by Tether and USDC. With diverse revenue streams and strong support from platforms like Solana, USDE is positioned as a key player in the evolving stablecoin landscape.
Circle has donated $1 million USDC to President-elect Donald Trump's Inauguration Committee, marking a significant moment for stablecoins, which have a market cap of $203 billion. Industry leaders anticipate pro-crypto legislation under Trump's administration, with ongoing efforts to establish a regulatory framework for stablecoins, including the Lummis-Gillibrand Payment Stablecoin Act. Venture capitalists are increasingly focusing on stablecoins, predicting a market cap of $300 billion by 2025, particularly in emerging markets.
Ethena is set to launch iUSDe, a synthetic dollar product, in February 2025, targeting traditional finance (TradFi) institutions. The initiative aims to collaborate with distribution partners to enhance accessibility for asset managers and private investment trusts, leveraging a yield-bearing model that could significantly disrupt the $190 trillion fixed-income market. Ethena has rapidly gained traction, becoming the second-fastest protocol to reach $100 million in revenue, with its synthetic dollar attracting over $5.85 billion in investments.
Ethena Labs has launched USDtb, a stablecoin backed by BlackRock's BUIDL, maintaining 90% of its reserves in the fund. Operating independently from USDe, USDtb is available on Ethereum mainnet, Base, Solana, and Arbitrum, and aims to provide users with a different risk profile while stabilizing USDe during bearish market conditions. Ethena has attracted nearly $6 billion in user funds since early 2024, and its governance token, ENA, recently saw a significant rally following a major purchase.
Guy Young
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ethena stablecoin usde reaches six billion market cap and strong revenue growth
15:58 13.01.2025
circle donates one million usdc to trumps inauguration committee
United States Dollar
USA
Jeremy Allaire
Guy Young
Donald Trump
Paul Ryan
Bill Hagerty
Kirsten Gillibrand
Deng Chao
Cynthia Lummis
Show more
17:47 09.01.2025
Ethena launches synthetic dollar to attract traditional finance institutions in 2025
15:45 03.01.2025
ethena labs launches new stablecoin usdtb backed by blackrock's buidl
16:25 16.12.2024
Trending
Subcategory
Industry Trends
Corporate News
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
Startups & Entrepreneurship
Government Economic Policies
Workplace Trends
Stock Market Updates
Industry Mergers & Acquisitions
CEO Changes
Fintech Startups
Venture Capital Investments
Finance Mergers & Acquisitions
Energy Sector Developments
Emerging Startups
Financial Scams and Security
Cryptocurrency & Blockchain Regulations
Cryptocurrency Trends
Funding Rounds & Investments
Countries:
Companies:
Apple Inc.
Google Inc.
Tesla, Inc.
Alphabet Inc.
Microsoft Corporation
Foxconn Technology Co., Ltd.
NVIDIA Corporation
Samsung SDI Co., Ltd.
SWIGGY LIMITED
Netflix, Inc.
GEELY AUTO
Amazon.com, Inc.
TENCENT
CarTrade Tech Limited
Delhivery Limited
Ecom Express Ltd.
CapitaLand Investment Ltd
HMC Capital Ltd
Bank of America Corporation
Boeing Co
Currencies:
United States Dollar
Chinese Yuan
Indian Rupee
Euro
Japanese Yen
South Korean Won
Indonesian Rupiah
Algerian Dinar
Australian Dollar
Vietnamese Đồng
Egyptian Pound
Saudi Riyal
Swiss Franc
British Pound Sterling
Russian Ruble
People: