🔗 Ethena Expands Again
🔗 Ethena Expands Again
🔗 Another One Joins
Ethena's Stablecoin-as-a-Service continues its expansion with availability now on Caldera, following recent integrations with Conduit.
Key developments:
- Caldera joins the growing list of infrastructure partners
- Follows Conduit integration announced days earlier
- Major partners already secured: MegaETH, Sui Network, Jupiter Exchange
The Whitelabel offering allows:
- Chains and apps to build custom stablecoins using Ethena's infrastructure
- Partners retain portion of economics from backing assets
- Access to $15B+ scale proven technology stack
Ethena's expansion strategy targets wallets, perp DEXs, prediction markets, and neobanks - sectors holding billions in idle stablecoin capital that could benefit from yield-generating alternatives.
Pendle USDe PTs are now live on @Plasma USDe YT holders are eligible for 60x Ethena Points & XPL liquid rewards, sUSDe YTs for 20x Points & XPL liquid rewards USDe and sUSDe PTs are above mainnet rates at ~10%, with deep liquidity across both pairs
Pendle is now live on @PlasmaFDN. With this, we're finally unlocking fixed yield for billions around the world, giving anyone access to Pendle's products directly through Plasma's digital bank.
USDe and sUSDe have gone live on Avalanche Ethena assets will be usable within major lending & trading DeFi apps on Avalanche, starting from today Eligible DeFi interactions on Avax will qualify for AVAX rewards & Ethena Points
Avalanche adds two giants to DeFi 🔺 sUSDe from @ethena_labs is live, a scalable reward-bearing stable asset. Together with @pendle_fi it unlocks fixed and variable yield markets on Avalanche’s low fee, sub second rails.
Ethena's sUSDe is now even more accessible from 18 chains. With @LayerZero_Core OVault, users can one click stake USDe-to-sUSDe from their preferred chain, making Ethena staking highly accessible across all chains. Deposit USDe from anywhere. Receive sUSDe everywhere.
Access to Ethena Whitelabel continues to expand. Our Stablecoin-as-a-service stack is now available on Caldera!
Caldera x Ethena @ethena_labs is bringing their Stablecoin-as-a-Service stack to Caldera, integrated with Caldera’s Stablecoin Module. Caldera's ecosystem chains can now build on Ethena's stablecoin infrastructure, which today supports ~$14b+ in liquidity.
Ethena powered dollar savings is now live for the 280m+ users on Binance Hold USDe in Binance for 12% APR on unlimited size Enjoy 🔸🔸🔸
Earn 12% APR with USDe on Binance Earn! Hold USDe to get daily rewards, trade anytime, and use as collateral. Start from just 0.01 USDe - no max limit! Know more 👉 binance.com/en/support/ann…
Ethena's Stablecoin-as-a-Service stack is now available on @conduitxyz Conduit powers 55% of chains on Ethereum with $4B+ TVL across 60+ mainnet deployments, powering teams from DeFi to RWAs to consumer apps With this integration, chains building with Conduit can now access
Introducing JupUSD: the native stablecoin of the @JupiterExchange ecosystem built on Ethena's Stablecoin-as-a-Service stack. JupUSD will plug into every major part of the Jupiter stack, including: - Jupiter Perps: where the ~$750m in stablecoins inside of JLP will gradually be
This September, we introduced Ethena Whitelabel: our stablecoin-as-a service stack. Since its introduction, we secured major partners, including @megaeth_labs, @suinetwork, and @jupiterexchange. The world's largest chains and apps are choosing Ethena. Learn more below on why
Here's what happened @Ethena_labs in September: • USDe & USDtb TVL crossed $16B, with USDe supply hitting $14.5B • Partnered with @Binance to integrate USDe across entire platform of 280M+ users, $190B+ assets, scaled to $3B USDe in a week • Ethena launched on @PlasmaFDN as
Combined TVL of Ethena USDe and USDtb continues to reach new all-time highs surpassing $16b
Ethena launches today on @PlasmaFDN as a core dollar asset within their DeFi ecosystem. Liquid Leverage is live on @Aave's Plasma instance, with nearly $1 billion of USDe & sUSDe deposit capacity which will benefit from the supply of USDT from Binance Earn. More Ethena-powered
The new global financial system is here.
Introducing suiUSDe and USDi: two native dollar assets for the $30b+ @SuiNetwork built on our Stablecoin-as-a-Service stack. These products will power DeFi and payments on Sui, while embedding Ethena directly within one of the fastest growing networks on earth. Both suiUSDe &
Copper Becomes First Custodian to Enable Native USDe and USDtb Minting
**Copper launches native support** for Ethena's USDe and USDtb stablecoins, becoming the first major custodian to offer this functionality. **Key features:** - Direct minting and redemption within Copper's platform - No external processes or additional integrations required - Seamless access to Ethena assets for institutional clients This integration represents a significant step in making Ethena's synthetic dollar assets more accessible to institutional investors through established custody infrastructure.
HyENA Trading Platform Launches with 12% APY on USDe Margin
**HyENA trading platform is now live**, combining Hyperliquid's infrastructure with Ethena's USDe stablecoin. **Key features include:** - 12% APY on USDe long-sided margin positions - ~5% APY on all other account balances - One-click migration from USDC to USDe positions - Full fee rebates for position transfers **HLPe vault token** combines market making with USDe rewards in a single instrument. The platform offers **enhanced basis returns** by pairing spot collateral rewards with short funding rates. **Ethena Exchange Points** program launches alongside the platform. Both Hyperliquid and Ethena have scaled to over $10 billion each. Users can access HyENA through affiliate links shared by traders on social media.
🚀 Plasma Unlocks Leveraged
**Aave's Plasma instance** now supports Principal Tokens (PTs) for USDe and sUSDe, each with **$200M supply capacity**. **Key Features:** - USDT borrow rates at competitive **~4% APY** - Market-leading incentives for leveraged PT exposure - Direct YT buying incentives to boost PT rates above market **What This Means:** Plasma positions itself as the premier destination for **leveraged Ethena asset exposure** through Pendle integration. **Incentive Structure:** - USDe YT holders: **60x Ethena Points + XPL rewards** - sUSDe YT holders: **20x Points + XPL rewards** - PTs trading above mainnet rates at **~10%** With over **$3.5B USDT** already on Aave Plasma, the platform is set to become the second-largest venue for leveraged Ethena PT exposure. **More capacity increases expected** as demand grows for this integrated DeFi solution.
Ethena's Combined TVL Breaks $16B Milestone
**Ethena's stablecoin ecosystem hits new record** The combined Total Value Locked (TVL) for Ethena's USDe and USDtb stablecoins has **surpassed $16 billion**, marking another all-time high for the protocol. **Key highlights:** - Both USDe and USDtb contributing to the milestone - Continued growth trajectory from previous $6B supply milestone in July - Demonstrates sustained adoption in the stablecoin market This achievement reflects **growing confidence** in Ethena's synthetic dollar approach and positions the protocol as a significant player in decentralized stablecoin infrastructure.
Binance Launches Ethena USDe Savings Product with 12% APR
**Binance has launched Ethena-powered dollar savings** for its 280+ million users, offering **12% APR on unlimited USDe holdings**. Key details: - Available to all Binance users immediately - No size limits on deposits - Part of expanded Ethena-Binance partnership This integration gives Binance's massive user base access to USDe, which Ethena describes as a fast-growing digital dollar. The platform manages over $190 billion in user assets. **More USDe products coming** across additional Binance services in the coming weeks and months, signaling deeper collaboration between the two platforms. The 12% yield represents a significant return opportunity for stablecoin holders seeking alternatives to traditional savings products.