Cena Ethena USDeUSDe

Ethena records largest-ever single-day USDe redemption at $268M Wu Blockchain reported on X that Ethena’s $ENA USDe stablecoin saw a record $268 million redeemed on March 1, reducing the total supply by approximately 4.7%. The largest redemptions came from wallet address "0x59" with $180 million and Sky with $70 million.

Ethena stablecoin USDe experienced the largest single-day redemption in history on March 1, reaching about 268 million, causing the total USDe to drop by about 4.7%. The largest redeemers on that day came from 0x59...705d (180 million) and Sky (70 million).

Over the past year, the yield-bearing stablecoin USDe has captured considerable attention, emerging as the third-largest fiat-pegged token by market capitalization. It currently boasts a market capitalization of $5.88 billion, with 5,880,406,676 USDe in circulation. On Monday, Bloomberg journalist Ryan Weeks reported that the team behind USDe and its native coin ENA, Ethena Labs, has raised $100 million from distinguished investors. A source with insight into the matter informed Bloomberg that F-Prime Capital, a firm associated with Fidelity Investments, and Franklin Templeton took part in the latest funding round for Ethena Labs. This is not Ethena’s first capital-raising venture, having secured contributions from Arthur Hayes’ Maelstrom, Dragonfly Capital, Bybit, OKX Ventures, Deribit, and Gemini. In addition to Galaxy Digital, Wintermute, Hashed, and Nic Carter’s Castle Island Ventures. The Bloomberg report indicates that U.S. President Donald Trump’s family decentralized finance (DeFi) project World Liberty Financial is said to have formed a strategic partnership with Ethena Labs. Pantera and Polychain reportedly joined the most recent $100 million round as well. At times, the annual percentage yield (APY) for USDe has exceeded 30%; currently, the variable APY rests at 9%. Ethena’s website further reports that the stablecoin project has 474,780 users. The latest fundraising development illustrates a growing convergence between traditional financial powerhouses and emerging crypto innovations like yield-bearing stablecoin. Infusing capital and strategic alliances signals a deepening confidence in new market entrants and transformative technologies. On the other hand, yield-bearing and algorithmic stablecoins, while innovative, may harbor inherent risks reminiscent of earlier failures in the stablecoin arena. Ethena’s capital is reportedly being harnessed to develop a new blockchain network, akin to projects like World and Ronin following a similar course. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Ethena Labs: No collateral impact from Bybit hacking incident Ethena Labs $ENA, the issuer of the $USDe stablecoin, provided an update regarding the Bybit security incident, according to Jinse Finance. All spot assets supporting USDe are held in an off-chain custody solution, including Bybit. No exchange, including Bybit, directly supports the spot asset value. The unrealized profit and loss from Bybit's hedge positions, which was originally over $30 million, has now decreased to $10 million, less than half of the reserve fund. Despite this, USDe remains over-collateralized, and all exchanges are proceeding normally. The total value of stablecoins supported by USDe is $2 billion, and users can exchange them at any time. Ethena Labs also expressed solidarity with Bybit and is ready to offer assistance. Bybit recently lost $1.46 billion worth of Ethereum (ETH) in a cold wallet hack.

Digital asset marketplace Figure Markets has launched YLDS, the first yield-bearing stablecoin registered as a public security with the U.S. Securities and Exchange Commission. The stablecoin , issued through Figure Certificate Corporation, operates on the Provenance Blockchain and pays holders an annual return at the Secured Overnight Financing Rate minus 50 basis points. YLDS accrues interest daily and distributes payments monthly in either U.S. dollars or YLDS tokens. It is backed by securities similar to those held in prime money market funds. The token supports peer-to-peer transfers and can be exchanged for U.S. dollars or other stablecoins at any time, with fiat off-ramps available during U.S. banking hours. Stablecoins have grown into a $200 billion asset class, widely used for payments and cross-border transactions. Leading stablecoins such as USDT ( USDT ) and USDC ( USDC ) do not distribute yield from reserve assets, primarily U.S. Treasuries. This has led to the rise of tokenized money-market funds and investment products like BlackRock’s BUIDL , Franklin Templeton’s BENJI, and Ethena’s USDE ( USDE ). These assets are increasingly used as collateral or to earn returns on blockchain-based holdings. Figure Markets is the digital asset division of Figure Technologies, a company co-founded by former SoFi CEO Mike Cagney. The firm has processed over $41 billion in blockchain-based transactions and originated $11 billion in home equity lines of credit using the Provenance Blockchain. Figure Markets filed with the SEC in October 2023 to launch its yield-bearing stablecoin. The company expects YLDS to gain adoption among developers integrating blockchain-based assets into decentralized finance and payment applications. “We see tremendous applications for YLDS,” Cagney said. “Exchange collateral, cross-border remittances, and payment rails are immediate opportunities, but this is just the beginning of a larger shift of traditional finance to blockchain.”