German Financial Authority Detects 'Serious Flaws' in Ethena's USDe, Halts Issuance
Ethena's governance token ENA has seen a decline of 6.5% within the last 24 hours following the regulator's order.
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Ethena's governance token ENA has seen a decline of 6.5% within the last 24 hours following the regulator's order.
Securitize and Ethena introduce Converge, an Ethereum-compatible blockchain aimed at integrating decentralized finance with tokenized real-world assets.
BlackRock's BUIDL fund reaches over $1 billion in assets, fueled by a significant investment from Ethena.
The investment will enhance adoption of synthetic dollars in decentralized finance.
Ethena Labs has adopted Chaos Labs' Edge Proof of Reserves oracles to improve the risk management of its synthetic USDe token, ensuring transparency and security.
Ethena has raised $100 million to develop the USDe stablecoin, now valued at around $6 billion, becoming the third largest in the market.
Despite market fluctuations, the USDe synthetic stablecoin has managed to maintain stability with its market cap exceeding $6 billion.
Ethena introduces a new stablecoin, USDtb, backed by BlackRock's tokenized money market fund, aiming to stabilize its flagship token amid market volatility.
Following significant movements in the crypto market, Ethena's token experienced a considerable influx of capital, highlighting renewed investor interest.
Ethena, a decentralized finance protocol, announces a significant allocation of its reserve fund to real-world asset-backed products as part of a growing investment trend.
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