Ethena

$100 million in Ethena assets on Robinhood Chain, and growing.

We're excited to announce that USDe minting and redemption with USDC is now completely free on Bybit. Building on @ethena_labs' updated fee schedule, Bybit continues to lead as the only major exchange offering open access to USDe direct mint & redeem for all verified users removing any need to interact with DeFi & accessible entirely within Bybit via the UI or API.

JUST IN: The total stablecoin market cap on @RobinhoodApp Chain surpasses $270M, up over 100% in the past week. @Paxos and @ethena looking good here.

#overview" target="_blank" rel="nofollow noopener">app.morpho.org/robinhood-chai…

One week since the Robinhood Crypto Earn launch, Ethena represents >70% of the asset allocation from Robinhood user deposits.

The mint and redemption facility and fee schedule above is only open to counterparties who have onboarded through our whitelisting process in accordance with our Mint User Agreement. The changes are intended to facilitate the growing adoption across our ever expanding integrations for USDe, and we will continue to monitor the usage patterns of all Mint Users to ensure alignment with the facility’s intended purpose.

As a result, looping on the Coinbase and Robinhood vaults are now cost free at mint and redemption: #market" target="_blank" rel="nofollow noopener">app.morpho.org/base/market/0x… #market" target="_blank" rel="nofollow noopener">app.morpho.org/robinhood-chai…

We're pleased to announce that, having taken onboard user feedback, every onboarded Ethena mint user is now able to mint & redeem USDe with USDC for free. Instant liquidity into and out of USDe at 0bps cost for whitelisted users is expected to result in less value leakage on secondary markets and increased ease of access for users. Updated mint and redeem fees are detailed below and will be available on our public dashboards:

Access to the vault onchain: tinyurl.com/3w4hnwnr

Access higher 7% rewards on the Coinbase High Yield Vault while its hot: → coinbase.com/lend

Gate has launched their first USDe earn product, details below:

The Coinbase High Yield vault has crossed $200 million in one month 🔵

USDe continues to expand its role across DeFi. @LidoFinance has added USDe to EarnUSD, a curated vault of USD-denominated strategies.

Here's what happened @ethena in June: • Partnered with @BlackRock with USDe now integrated into BlackRock Aladdin which houses $25t of AUM. • Partnered with @RobinhoodApp as the primary collateral in their new crypto earn product. • Partnered with @coinbase to grow onchain finance and savings products. • Coinbase Ventures made its first open-market investment into Ethena. • The USDe vault on Coinbase grew to nearly 200m in a few weeks. • @stablecoin_x began trading on Nasdaq Global Market under the ticker "USDE", giving public-market investors direct access to the Ethena ecosystem. • Published our plan for the next phase of USDe backing diversification, broadening real-world asset exposure beyond tokenized T-Bills. • Partnered with JanusHenderson to allocate and support distribution of their tokenized, high-quality liquid CLO funds. • Integrated JAAA, Janus Henderson's AAA CLO strategy, into USDe's backing through a partnership with @Centrifuge. • Integrated STAC, the Securitize Tokenized AAA CLO Fund, into USDe's backing through a partnership with @Securitize. • Expanded our partnership with @Anchorage to advance institutional investment lending. • @MercadoBitcoin, Brazil's largest exchange, listed USDe. • Became a founding member of the @Avax Payments Collective. • @kamino went live with Sentora's PYUSD/USDe vault.

USDe-native prediction markets are now live on Robinhood Chain, via @Meridiandotxyz (formerly Ethereal). Meridian Predict opens to everyone from day one, no limits or whitelist, settled entirely in USDe.

We are excited to partner with @RobinhoodCrypto to bring Ethena's product suite to Robinhood Chain. Ethena has been selected by Steakhouse, the curator of the vault, as the primary collateral asset issuer for Robinhood's first crypto earn product. This is the first decentralized lending product available directly in the Robinhood app.

Excited to announce our collaboration with @Blackrock. →Integration of USDe into BlackRock's Aladdin platform →BUIDL as the primary asset for our whitelabel product →Liquidity facility on BlackRock tokenized products The integration of USDe on Aladdin provides unique institutional access for the >$20 trillion of assets managed by financial institutions on Aladdin.

StablecoinX Inc. @stablecoin_x is now trading on Nasdaq Global Market under the ticker "USDE". As the first treasury company focusing on Ethena, StablecoinX gives public-market investors direct access to the most important emerging trend in all of finance: the secular growth of digital dollars.

StablecoinX, the first pure-play treasury company focusing on the Ethena ecosystem, has announced the closing of its business combination with TLGY Acqusition Corp and it will begin trading on NASDAQ tomorrow under the ticker "USDE".