Ethena partners with FalconX for institutional lending
Ethena has added FalconX, a digital asset prime broker, as an institutional lending partner. Under the partnership, Ethena will invest in stablecoin lending arrangements to FalconX on an overcollateralised basis as part of its institutional lending programme.
Ethena dollar savings launch on Kraken+ in the US
Ethena-powered dollar savings are now live on Kraken+ in the US. Users holding USDe on Kraken can earn up to 4.5% APY automatically through Auto Earn, with earnings starting the moment the balance hits their account.
Maple adds Ethena's USDtb to USD liquidity buffer
Maple has selected Ethena's GENIUS-compliant stablecoin USDtb as a core holding within its USD liquidity buffer that backs its syrupUSDC and syrupUSDT products. The products currently hold roughly $400M of liquid USD assets in their collateral composition, with Maple becoming the first platform to use USDtb in this role.
Ethena and Securitize launch USDtb stablecoin backed by BlackRock's BUIDL
Ethena launched USDtb, a stablecoin holding roughly 90% of its reserves in BlackRock's tokenized USD Institutional Digital Liquidity Fund (BUIDL), developed in partnership with Securitize.
Ethena completes $100 million private sale of ENA tokens
Ethena completed a private sale of ENA tokens raising $100 million, with investors including Franklin Templeton, Polychain, Pantera, Dragonfly, and Fidelity's F-Prime. The sale was finalized in December 2024 and publicly reported in February 2025.
Ethena front-end compromised in domain registrar attack
Ethena's domain registrar account was compromised, leading to a front-end attack. The team temporarily shut down the frontend and warned users, confirming that protocol funds were unaffected.
ENA governance token launches via airdrop
Ethena launched its ENA governance token by airdropping 750 million ENA (5% of the 15 billion total supply) to early users, with Binance becoming the first platform to list it.
USDe synthetic dollar launches on Ethereum mainnet
Ethena's USDe, a delta-neutral synthetic dollar backed by hedged ETH collateral and short perpetual futures positions, went live on the Ethereum mainnet.
Ethena raises $14 million strategic round at $300 million valuation
Ethena Labs announced a $14 million strategic funding round co-led by Dragonfly and Arthur Hayes' Maelstrom, valuing the protocol at $300 million, alongside the public opening of its USDe stablecoin.
Ethena raises $6 million seed round led by Dragonfly
Ethena, founded by Guy Young, emerged from stealth with a $6 million seed round led by Dragonfly Capital, with participation from Arthur Hayes' Maelstrom and other investors, to develop its Ethereum-based synthetic dollar.