#usde

[rwatimes]

Coinbase Ventures Buys ENA on the Open Market as Coinbase and Ethena Strike Distribution Deal

➤ Coinbase Ventures has made its first disclosed open market purchase of ENA tokens, aligning with Ethena's governance token holders. ➤ Coinbase and Ethena have also announced a distribution partnership to introduce Ethena's synthetic dollar (USDe) and savings products to Coinbase's extensive user base. ➤ The news has positively impacted ENA's price, with significant trading volume observed on decentralized exchanges.

[rwatimes]

Coinbase buys ENA stake as Ethena token jumps 15% on expanded partnership

➤ Coinbase Ventures has invested in Ethena by purchasing ENA tokens on the open market, signaling a deepening partnership. ➤ Coinbase will now serve as Ethena's primary custodian, wallet provider, and perpetuals venue, supporting over $5 billion in assets. ➤ The integration aims to expand onchain finance and savings products to Coinbase's 100 million+ user base, with Ethena's USDe coming to Base and the broader Coinbase ecosystem.

[rwatimes]

Tiger Research: DeFi Is No Longer Chasing High Yields—Yield-Bearing Stablecoins Are the New Infrastructure

➤ DeFi is shifting from generating yield to importing and distributing yield from traditional finance, with a focus on verifiable, collateralizable yield-bearing stablecoins (YBS) over high APYs. ➤ Institutional recognition, such as S&P's credit rating for Sky Protocol and risk weighting for USDe, is reshaping market dynamics, favoring predictable yield sources like Treasury-backed stablecoins. ➤ Ethena is overhauling its collateral structure to incorporate traditional finance assets, acknowledging that a single yield source based solely on crypto is no longer sufficient for the YBS market.

[rwatimes]

What's Behind the Converge Delay?

➤ Ethena's stablecoin USDE is facing significant pressure and TVL decline following the '10/10' market event, as its yield mechanism, dependent on positive perpetual funding rates, has collapsed. ➤ The planned launch of the Converge blockchain, co-developed with Securitize and intended as an RWA L1, has been indefinitely postponed, causing operational fallout for associated projects. ➤ The article contrasts Ethena's struggles with a separate segment highlighting Avalanche's progress in tokenizing diverse RWAs like private credit and equities, suggesting a divergence in DeFi/RWA narratives.

[rwatimes]

Jupiter Lend Partners with Bitwise to Launch Curated Ethena Market

Jupiter Lend market offers deep, scalable USDe yield designed for billions in institutional capital, powered by Fluid’s unified liquidity infrastructure. Jupiter, a global onchain finance platform with over $3 trillion in lifetime trading volume, today announced the launch of an Ethena asset-focused lending market, curated with global crypto asset manager, Bitwise Asset Management, and powered…

➤ Jupiter Lend has launched a new USDe lending market in partnership with Bitwise Asset Management, powered by Fluid's infrastructure. ➤ This initiative marks the first time an institutional asset manager has curated a market for Jupiter Lend, signaling growing institutional participation in onchain lending. ➤ The market is designed to offer deep, scalable yield for billions in institutional capital, leveraging Ethena's stablecoin and Solana's ecosystem.

[rwatimes]

Why Ethena Just Recorded Its Biggest Network Growth in Over Three Months

Grayscale's addition of ENA to its DeFi Fund helped trigger Ethena's strongest network growth day in over three months.

➤ Ethena experienced its largest network growth in over three months, driven by Grayscale's addition of ENA to its DeFi Fund and increased whale activity. ➤ The integration of Ethena's USDe stablecoin into Jupiter Lend on Solana, in partnership with Bitwise Asset Management, marks a significant expansion into the Solana ecosystem and traditional asset management involvement. ➤ Despite recent price volatility, Ethena's network growth and institutional interest signal a positive trend in on-chain finance and DeFi adoption.

[rwatimes]

Jupiter Lend Onboards Bitwise to Curate Ethena Market

➤ Jupiter Lend has partnered with Bitwise Asset Management to curate a new lending market focused on Ethena's USDe stablecoin on the Solana blockchain. ➤ This collaboration marks the first time an institutional asset manager has curated a market for Jupiter Lend, aiming to bridge institutional capital with onchain lending infrastructure. ➤ The new market is designed for institutional scale, offering deep liquidity and advanced risk-mitigating features powered by Fluid's infrastructure.