Ethena is adding Binance bStocks and equity perpetuals to the basis trade used for USDe's backing strategy.
ENA was up 14.34% over 24 hours, while $500,000 in short positions were liquidated during the one-hour move.
ENA was up 11.07% over 24 hours, while short liquidations reached $150,000 across three exchanges during the same hour.
ENA was up 1.65% over 24 hours, while short liquidations reached $140,000 in the same hour.
ENA rose from $0.1996 to $0.2084 on Binance's spot ENA/USDT market. Short liquidations totaled $20,000 across three exchanges during the same hour.
The $0.22-local supply zone has halted the altcoin's uptrend for now.
StablecoinX has secured a permanent waiver ending the 48-month lock-up on its ENA holdings from Oct. 5, 2026, while leaving separate controls on token sales in place. StablecoinX ENA restrictions will end on Oct.
Ethena's strategy to diversify revenue sources could stabilize its financial model, reducing vulnerability to crypto market volatility. Ethena aims to decouple from Bitcoin price fluctuations, says founder.
Ethena Pay's innovative yield-sharing model could disrupt traditional banking by offering competitive returns and fostering crypto adoption. Guy Young builds Ethena Pay neobank to deliver yield directly to users.
Ethena Pay's expansion into major markets could reshape digital banking by increasing crypto adoption and challenging traditional financial systems. Ethena Pay plans US, UK, and Europe launch in three to four weeks.
The Ethena founder said card partners often set the pace of the rollout, and that the US is not among his priority markets for the app.
Ethena deployed USDe and sUSDe on the TRON network, which has more than 403 million active accounts worldwide. Users can bridge both assets through Stargate Finance, with support for JustLend DAO and SUN.io expected in the coming weeks.