Christopher Jensen

CEO, StablecoinX
Fmr Franklin Templeton Digital Assets

Not investment advice.

[Christopher Jensen @jensane2001]

Proud to be joining StablecoinX as CEO. Thank you to my colleagues at @FTDA_US for eleven remarkable years and to the @stablecoin_x and @ethena teams for the trust. Excited to build!

[StablecoinX @stablecoin_x]

We are pleased to announce that Christopher Jensen is joining StablecoinX as Chief Executive Officer and Director, effective immediately.

Christopher joins from Franklin Templeton, where he was a founding member of the firm's digital asset group and served as Portfolio Manager and Director of Digital Asset Research. Franklin Templeton's blockchain venture fund participated in Ethena's seed round, and he has followed the protocol since its earliest days.

@tedchenCPC, who led StablecoinX through its public listing, continues as Chairman of the Board, focused on long-term strategy and capital markets positioning.

Welcome, @jensane2001!

Link in comments 👇

[G | Ethena @gdog97_]

The @ether_fi team executed one of the most impressive product expansions in the last cycle growing into the most successful self custodial neobank in the space. We've been impressed from the outside on their execution quality, consistency building through the bear market and obsessive focus on product - one of the few teams we look up to at Ethena.

Yes it is somewhat competitive with Ethena Pay, but the very best builders just focus on building the best product with the best partners, and look beyond the crypto-native user set as the addressable market opportunity. Ethena will power their new whitelabel stablecoin end-to-end, with USDe already supporting their separate earn savings vaults.

In order for these applications to fully capture their revenue opportunity, they need to control the deposit and float via stablecoin balances. This is a trend @ether_fi will pioneer and I'm sure we will see others will follow closely behind.

[Christopher Jensen @jensane2001]

Excellent work by Standard Chartered.

Ethena is one of the very few projects that sits at the intersection of all the key secular growth trends in crypto: stablecoin adoption, the insatiable desire to make capital more efficient, the convergence of DeFi and TradFi, tokenization of real-world assets, and the expansion of the perps market to include all those newly tokenized asset classes.

Combine that with the cyclical rebound we're seeing in crypto markets broadly speaking and the recent tokenomic changes the team has made to drive value accrual back to the token, one can certainly see the path towards the numbers outlined in this report.

Definitely a worthwhile read.

[Ethena @ethena]

Standard Chartered has initiated research coverage of Ethena.

They forecast potential USDe growth of ~8x in the next 2 years as the convergence of DeFi and TradFi accelerates.

Unclear why they are so bearish, but worth a read regardless:

[StablecoinX @stablecoin_x]

USDE is now on Binance Stocks.

@Binance has added our Class A common stock to its stock trading platform. Availability depends on region, details in their announcement below.

[Christopher Jensen @jensane2001]

Kicking off our Asia tour in Seoul with @0xEastPoint where I'll be speaking on the Digital Asset Treasury panel. Looking forward to a great conversation.

[StablecoinX @stablecoin_x]

StablecoinX is heading to Asia.

CEO Christopher Jensen (@cjensen01) kicks off at @0xEastPoint during @kbwofficial, then Chairman Ted Chen (@tedchenCPC) joins:

-> Seoul: Sep 28-29
-> Hong Kong: Sep 30-Oct 2
-> Singapore: Oct 5-8, @Yield_Summit and @token2049 week

Let's meet: [email protected]

[Christopher Jensen @jensane2001]

Another step in the collateral diversification thesis we've been tracking. Ethena's extension of the basis trade into equity perps via Binance opens a $150T+ addressable market (vs. $2.5T in crypto), with a structure already vetted by the Risk Committee: $2.9B+ in one-sided OI across venues, a hedge that held through 37 earnings events at just ~20bps average slippage, and strict depth/concentration limits on sizing. This is what durable, risk-managed yield diversification looks like.

[Ethena @ethena]

Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch.

This expands the addressable market of underlying collateral from $2.5 trillion of crypto to $150 trillion+ of real-world assets.

As part of the partnership, bStocks will serve as tokenized spot collateral, hedged with Binance USDT-denominated equity perpetuals - the same delta-neutral structure Ethena has securely executed across crypto assets since inception.

Importantly, Binance provides lower ADL priority for eligible delta-neutral accounts including Ethena's, adding another layer of risk mitigation for USDe holders.

Binance equity basis has averaged ~11%+ annualized over the past 6 months, while open interest has grown on average ~30% per month in the last 3 month period.

We expect the market opportunity size for equity perpetuals to far exceed the $15b+ of crypto perpetuals captured by Ethena last cycle.

Allocations begin today.

[Ted Chen @tedchenCPC]

If there was any question on whether locked or unlocked $ENA on @stablecoin_x’s balance sheet should be valued differently, now you don’t need to debate. 👇

[Ed Feng @thepowerrank]

** New ** 10-Nugget March - the daily video series on top teams in the 2025 NCAA tournament. #MarchMadness

Let's go! 🧵

[Ed Feng @thepowerrank]

The 12 Days of the College Football Playoff!!

Every day, I will give you an actionable nugget on each of the 12 playoff teams in a short video. #CFBPlayoff

Let's go 🧵

[Tascha @TaschaLabs]

What would it take for crypto to have a new bull market?

The real answer nobody's talking about:

[Brian Armstrong @brian_armstrong]

1/ We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen.

[bartek.eth @bkiepuszewski]

1/ Strongly disagreeing with that. Instead of going into technical debate that few people will understand, let me give you an analogy:

[Tindorr 🌯 @0xTindorr]

I just created a crypto investment framework for everyone.

• 5 types of investment with instruction
• Systematic trading
• Track every trade to know actual P&L

You can copy and adjust accordingly.

Just:
• Follow
• Retweet
• Reply 'free'

I'll send you a link in dm.

[Lemz 🦎🐺 @Lemz0x]

🧵 All about @WolvesDAO

I'll cover an overview of what WolvesDAO is all about, the community and my personal thoughts.

*I am a member and likely biased despite attempting to remain neutral. This is not endorsed/sponsored.

1/🧵⤵️

[Christopher Jensen @jensane2001]

@twobitidiot My big fear here is if Genesis lent DCG the money (with customer deposits) to fund the inter company note back to Genesis to plug the hole from 3AC

[Kunal G @kunalgoel]

Some math on how much stake on Solana is falling and how much further to go before staked Solana becomes Hotel California

[LFJ Intern 🐣 @LFJ_intern]

Intern note on Avalanche Space Powering Enterprises with #Avalanche Subnets

Guess: @el33th4xor, @kevinsekniqi, @luigidemeo, @MorganKrupetsky, @EdC and @SJohn_Nahas

[Logarithmic Rex @LogarithmicRex]

(1/30) @ethereum Roadmap: Danksharding

From A to KZG, a comprehensive guide to the post-Merge roadmap of the World Computer:

- Proto-Danksharding (EIP-4844)
- Proposer-Builder Separation (PBS)
- Danksharding

A megathread deep-dive on decentralized scalability.

[Chris Burniske @cburniske]

A #BASE'd portfolio centers around:

$BTC $ATOM $SOL $ETH