Ethena

Crypto

Ethena issues the USDe synthetic dollar backed by delta-neutral hedging positions, combining on-chain collateral with derivative exposure.

Used in these stories

MEV bot operator returns $12.8M in Berachain Balancer exploit5 November 2025
Berachain hard fork. Emergency response after Balancer exploit3 November 2025
USDS and USDe Add $5B to Stablecoin Market27 July 2025
USDtb Launches Amidst New US Regulatory Era25 July 2025

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