Ethena
ClaimEthena is a digital dollar issuer that creates and distributes USDe, a synthetic dollar asset, for use across cryptocurrency exchanges, DeFi protocols, and financial platforms.
Key numbers · TVL $4.9B · per DefiLlama · updated Sep 23
Overview
Ethena issues USDe, a synthetic dollar designed to be stable, scalable, and censorship-resistant for the digital asset market. Users can stake USDe to receive sUSDe, which accrues rewards over time. USDe is integrated across major centralized exchanges such as Binance, Bybit, Coinbase, and Robinhood, as well as decentralized money markets and custodians. Ethena also offers Ethena Pay, an application for saving, sending, and spending using USDe.
Recent activity
Hosted Ethena Padel & Wellness Singapore
Partnered with Binance to embed USDe across its 280m+ user platform
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Has moved more than $30bn through USDe mint and redeem systems since launching in February 2024
Launched Ethena Pay, an internet money app for saving, sending and spending with a phone
Launched Liquid Leverage integration on Aave allowing deposits of 50% sUSDe and 50% USDe
Partnered with Binance to embed USDe across its 280m+ user platform and $190b+ in assets
Partnered with Binance to embed USDe across its platform of 280m+ users and $190b+ in assets
Introduced Ethena Pay, an app to save, send and spend anywhere with a phone and internet connection
Launched Liquid Leverage on Aave letting users deposit 50% sUSDe and 50% USDe for ~12% APY.
