Ethena

5 stories

Dollar Stablecoins Split on Reserves, Redemption, and Yield

USDrf, USDC, and USDe each peg to the dollar but run on sharply different reserve setups and payout rules. Their design shapes who gets access, how liquidity holds up, and what risks users actually face.

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Kraken to Liquidate Seven Crypto Assets for UAE Users After Withdrawals End

Kraken will freeze withdrawals for seven crypto assets held by UAE customers on September 14. Any remaining balances will be forcibly liquidated in an unspecified currency between September 15 and 25, 2026, leaving users with no control over the outcome.

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Aave Borrow Rate Hike Squeezes Ethena USDe Yield Loops

Aave faces mounting pressure as LlamaRisk pushes to raise USDe borrowing rates across five major markets, threatening the profitability of leveraged sUSDe yield strategies and exposing users to negative returns.

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Ethena Pay Launches Beta in 48 Countries With USDe Savings and AVAX Rewards

Ethena Pay, a self-custodial neobank app built on Avalanche, is now in beta across 48 countries, offering USDe-denominated savings with up to 6% APY and AVAX cashback, but remains unavailable in the U.S. and EU pending regulatory approval

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Robinhood Chain Sets Transaction Record as Stablecoin Shift Drives TVL

Robinhood Chain processed a record 11.6 million daily transactions last week, but user growth remains muted as existing accounts drive activity. A sharp rise in total value locked is linked to a surge in yield-bearing stablecoin deposits.

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