Ethena Labs

About Ethena Labs

Ethena Labs is a crypto-native fintech company building digital dollar products designed to upgrade money for the internet era. Their flagship product, USDe, is a synthetic dollar backed by digital assets using a delta-neutral hedged basis strategy, which scaled from zero to $15 billion in 18 months. The company also offers iUSDe for traditional financial institutions with compliance features, USDtb (a fiat-backed stablecoin in partnership with BlackRock that has scaled to ~$2 billion), and a white-label stablecoin infrastructure enabling applications, chains, wallets, and exchanges to launch their own stablecoins. Ethena Labs is focused on creating foundational infrastructure for a more open, efficient, and interconnected global financial system while advancing their mission to separate the dollar from the state.