Standard Chartered has issued formal price targets for Ethena’s ENA token, projecting a rise to $2.00 by 2028 based on the growth of the USDe synthetic dollar.
Ethena Labs CEO Guy Young argues that risk management, not headline yield, is the primary factor for investors when evaluating crypto protocols.
Ethena is phasing out ENA token incentives for USDe stakers as the protocol shifts its strategy toward sustainable revenue and institutional products.
Ethena is expanding its USDe synthetic dollar strategy by utilizing tokenized U.S. stocks as collateral through a new partnership with Binance.
The synthetic dollar token USDe saw its price drop to $0.65 on Binance during a market sell-off, while the underlying protocol processed over $2 billion in redemptions.
Ethena Pay, a self-custodial neobank using the USDe synthetic dollar, will expand into the US, UK, and Europe within a month following its initial beta launch.
Ethena Labs reports the completion of a SOC 2 Type II audit for its USDe protocol, aiming to align its operational security standards with those of traditional financial institutions.
Aave V4 has launched USDe rewards on Ethereum, supporting a synthetic dollar whose supply has exceeded $12 billion.
