_winking_dog_

[Ethena @ethena]

USDe on the @Coinbase Vault has crossed $100m in under 4 days since its launch.

[Ethena @ethena]

Ethena has expanded its partnership with @Anchorage, a federally regulated crypto bank in the US, to advance its institutional investment lending through Atlas Collateral Management.

As part of this expansion, Anchorage will serve as collateral manager for Ethena's loan assets, with borrower collateral held in regulated custody at Anchorage.

The expansion builds on Anchorage's existing role as issuer for our whitelabel stablecoin products.

[G | Ethena @gdog97_]

Excited to partner with Coinbase for the first time to support their dollar savings products. The upcoming integration next week will be the first time Ethena products are available for their 100m+ user base.

Given the evolving nature of the Clarity Act, we expect further potential tailwinds for onchain native products like USDe from idle balances on exchanges, and Ethena is well positioned to support this transition.

[Coinbase Ventures 🛡️ @cbventures]

Coinbase Ventures is proud to back @Ethena through an open market purchase of ENA.

Ethena is a critical player in onchain finance, and we are excited for the closer partnership with Coinbase and USDC.

[Ethena Ecosystem @Ethena_Eco]

Over $1 billion across the Ethena markets on @jup_lend and @kamino, within days of launch.

USDe-denominated activity is taking off on @solana.

[Meridian @meridiandotxyz]

Ethereal traders have earned over $1M in USDe rewards

Earn up to 27.2% APY trading with USDe as margin

https://t.co/uy6qsuGIIa

[G | Ethena @gdog97_]

We want simple explanations and scapegoats but unfortunately this is just factually incorrect.

Data below shows clearly USDe had a price discrepancy on Binance orderbooks a full 30 minutes *after* BTC had bottomed from the crash.

Either you are wrong or this is the first "root cause" which happened after an event takes place.

You have a large audience who trusts what you say. Spend 5 minutes looking at the data before. Do better.

[Meridian @meridiandotxyz]

Ethereal has reached a new all-time high of $130M in open interest

[HyENA @hyenatrade]

Introducing HyENA - the Internet Trading Engine with Native Rewards.

→ USDe-margined perpetuals DEX built on Hyperliquid’s HIP-3 standard
→ Earn rewards based on your USDe margin collateral while you trade
→ Idle margin becomes a productive savings account
→ HLPe combining trading returns and basis in a single vault token
→ Built directly on the core primitives of Hyperliquid and Ethena

For years traders have incurred funding fees with unproductive margin collateral on DEXs. Today that changes.

Live now. Built by @BasedOneX.

[Ethena @ethena]

Here's what happened @ethena in November:

• $ENA went live on on @RobinhoodApp.

• $ENA went live on @HyperliquidX spot via @unitxyz.

• Launched Oracle Specifications Dashboard, providing transparency on partner oracle design, collateral availability, and risk management setups.

• @Anchorage launched USDe and USDtb in platform earn programs

• Enabled sENA to earn @BasedOneX Points.

• Partnered with @nunchi on Hyperliquid HIP-3, directing revenue share to the Ethena ecosystem.

• USDe went live on @coinone as a rewarding asset - a first for Korean exchanges.

• USDe/sUSDe Integrated with @reya_xyz as the sole backing for their native liquidity pool (6th largest perp DEX by volume).

• @pendle_fi launched new sENA pool with 40x Sats for YT holders.

• @Strata_fi has grown to over $200m in TVL across Senior USDe (srUSDe) and Junior USDe (jrUSDe), with participation from more than 8,000 users.

• USDe became the 100% backing asset for @berachain's $HONEY.

• Selected as launch partner for @Kiln_finance's Railnet alongside curated DeFi & RWA assets.

• Joined the @WalletConnect App Certified program.

• Contributing to @_SEAL_Org's operational security certification pilot.

• $ENA went live on @Uphold.

• OKX @Wallet launched 2M $ENA competition.

• Launched an Ethena Leaderboard on @Bantr.

• Reached $465b+ in cumulative USDe transfer volume ($200b+ in Q3 2025 alone).

[_winking_dog_ @_winking_dog_]

@TradeZella @Tradermayne OTE

[Ethena @ethena]

USDe-native perps trading is now live on Ethereal!

Ethereal users will earn USDe rewards on their full margin balance while trading.

The ecosystem of projects building USDe-native products continues to grow.

[Ethena @ethena]

We are excited to announce that Ethena has partnered with @UR_Global to bring USDe to everyday finance across 45+ countries via their neobank:

• Up to 5% APY on USDe holdings
• Zero off-ramp fees for USDe-to-fiat conversion
• Available on iOS, Android and web

With direct USDe spending via Mastercard debit card coming in the following weeks

UR bridges DeFi and traditional finance, enabling USDe on UR as a neobank dollar savings account for everyday use

Learn More at https://t.co/SZtrbwmGm1

[G | Ethena @gdog97_]

Binance has historically pursued a strategy of providing in-house product solutions, and very rarely open their platform to external teams without rigorous examination and a demonstration of very clear product market fit.

Both their investment into Ethena and now integrations of USDe into the Binance platform required many months of detailed diligence.

I've personally learned a lot from them this past year and am convinced that you can only build a lasting business at the scale they have by always doing right by your users and never letting that standard drop.

That is the only way to earn the trust of >250m users.

The holy grail of dollar asset distribution has always been embedded within centralized exchanges alongside their user bases.

And as of today USDe will now be integrated fully across the entire product suite of the largest exchange in the world.

We couldn't be more excited to be expanding our relationship with Binance to offer their users a unique product across their entire platform including:

i) USDe futures margin collateral across the entire derivatives platform
ii) USDe spot trading pairs
iii) Direct integration into the Binance Earn program

With more coming in the next few weeks.

Binance currently holds over ~$130b of assets and ~$40b of stablecoins, and we expect USDe to grow into one of the largest on their platform.

USDe penetration for USD assets on other CEXs sits at roughly ~12% which would correspond to >$4.0b of USDe on Binance.

Only the beginning for Ethena and Binance.

[Ethena @ethena]

We are excited to announce one of our most important integrations to date

Ethena has partnered with Binance to embed USDe across its entire platform of 280m+ users and $190b+ in assets including:

• USDe reward bearing collateral for futures and perpetuals trading
• Direct integration with Binance Earn
• USDe spot pairs

With more to come in the following weeks

Details below:

[Binance @binance]

Binance will list Ethena USDe (USDe).

More information 👉 https://t.co/xUrY0OAhLc

[Aylo @alpha_pls]

Reminder that Ethena directly benefits more from rate cuts than any other protocol.

As risk free yield comes down Ethena's yield goes up and becomes even more attractive for entities exiting treasuries.

It's not a surprise Ethena is looking stronger than almost everything else right now.

Few protocols have these kind of catalysts on the horizon:

• USDe supply expansion from rate cuts
• Increased revenues as a result
• Fee switch for ENA holders
• Converge chain launch
• StablecoinX (ENA treasury company) launch on the Nasdaq

[Ethena @ethena]

everyone wants to know what we'd say if we didn't reach $10b supply

i guess we'll never know

[G | Ethena @gdog97_]

Escape velocity