Ethena is making waves in the cryptocurrency space. The issuer of the
USDe stablecoin, it has struggled with regulatory crackdowns in Germany, raising concerns over the viability of
synthetic stablecoins, However, despite setbacks, there might be a potential price recovery as Ethena recently sustained the $0.37 support level. Notably,
BlackRock has joined forces with Ethena to launch the
USDtb stablecoin. This partnership clearly demonstrates the increasing institutional interest in tokenized assets.
Ethena's journey has been quite turbulent, with occasional price hikes and plunges. The
ENA coin surged by a whopping 525% when
Trump's World Liberty Financial invested $500k. Also, Ethena has hit key milestones, such as being listed on
Bithumb and working with various tech partners. Anticipation is building as Ethena gets ready to roll out its
iUSDe launch.
Institutional investors like
MEXC are showing confidence in Ethena, investing as much as $36M, while significant adoption and integration with
Telegram's TON Blockchain for USDe are seen as promising steps. However, the challenges persist as massive token unlocks in Ethena's pipeline could put pressure on ENA's price.
ENA Coin News Analytics from Fri, 22 Nov 2024 08:00:00 GMT to Mon, 05 May 2025 19:15:45 GMT -
Rating 2
- Innovation 7
- Information 5
- Rumor -2
