Ethena Labs has proposed a plan to preserve USDe’s peg stability by repurchasing and burning approximately $95 million worth of USDe — equal to about 1.2% of its current collateral assets — whenever the secondary market price falls to $0.99 or below.

Will This Move Work?

According to the statement from Ethena Labs, the event was not a global de-peg but rather an issue isolated to Binance, caused by liquidity and oracle discrepancies. When examining other platforms during the same period, USDe maintained its stability with almost no price change.

If the strategy proposed by Ethena Labs is implemented, the repurchased USDe will be burned, meaning they will be permanently removed from circulation. This will reduce the circulating supply and create a stronger support level for maintaining price stability.

This article may also interest you: NVIDIA Earnings Report Released! | AI Bubble Concerns!

Will the Proposal Be Approved?

The Ethena Risk Committee will evaluate this strategy under its governance framework and submit it to a management vote. If approved, buybacks will be carried out through a bidding process between Ethena and centralized exchanges. After bids are accepted, settlements will take place off-exchange, minimizing deposit collateral risks for exchanges.

How Will $USDe Be Affected?

A buyback of this scale would create strong price support for USDe, helping prevent potential de-peg events. As approximately 1.2% of the circulating supply gets removed, the overall collateral ratio of USDe would improve.

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The post Ethena Wants to Secure USDe Stability! appeared first on Coin Engineer.

The Rise of USDe

Ethena’s USDe differs from traditional stablecoin models by using a combination of “crypto-backed support + delta hedge.” Instead of relying solely on U.S. dollar reserves, it aims to maintain price stability through a strategy that combines crypto collateralization and hedging via futures positions. This structure makes USDe not just a “stable token” but also a “yield-bearing dollar alternative.”

Current Scale and Ecosystem

• USDe has reached a circulating supply valued in the billions of dollars.
• It has climbed to the third position among stablecoin markets.
• Ethena aims to expand beyond the DeFi ecosystem and reach institutional investors. The new product named iUSDe is designed specifically to appeal to traditional finance (TradFi) participants.

Today, Ethena is not only on the radar of DeFi participants but also attracting attention from the broader financial sector.

You may also like this article: What Is Volume in Cryptocurrencies? What Happens When It Rises?

What’s Next for Ethena?

Ethena’s 2025 roadmap has been made public, and it highlights two key upcoming products:

1. iUSDe – A Synthetic Dollar Bridging to TradFi

This product is described as the “wrapped” version of sUSDe (staked USDe). The key difference, however, is that iUSDe is designed to allow traditional financial institutions to earn yield without the need to directly interact with blockchain operations.

According to Ethena’s roadmap, iUSDe is expected to go live in the first quarter of 2025. This product will enable asset managers, hedge funds, institutional investors, and intermediaries to benefit from the yield generated by USDe.

As a result:

• Institutions without blockchain expertise will still be able to access the USDe ecosystem.
• Passive income opportunities will be available without the need for token ownership or wallet operations.
• This move positions Ethena not only within the crypto space but also as part of the broader financial ecosystem.

2. Telegram Payment / Neobank Experience + Payment Integrations

According to the roadmap, Ethena plans to offer payment, savings, and shopping experiences directly through the Telegram app. Users will be able to make payments using their sUSDe balance and seamlessly switch between spending and saving. Additionally, the plan includes Mastercard-supported payment functionality, allowing for USDe/fiat conversions in certain regions. This feature aims to position Ethena as a “crypto wallet / payment application,” enabling users to both save and spend their USDe in daily transactions.

Current Ethena ($ENA) Data

The post Big Goal for Ethena | Taking USDe to New Heights appeared first on Coin Engineer.

Shockwaves Hit Stablecoins Too

The announcement led to massive sell-offs in global markets, and approximately $10 billion in crypto positions were liquidated. During this turmoil, USDE, the stablecoin of the Ethena ecosystem, briefly fell below $1, experiencing what is known as a “depeg.”

This sudden deviation caused concern among investors, raising questions about Ethena’s collateral structure and the sustainability of the system.

Official Statement from Ethena: “System Stable, Functions Operating Normally”

Following the incident, the Ethena team released a statement aimed at reassuring users. The protocol explained that USDE experienced short-term volatility in secondary markets due to sudden market movements and widespread liquidations.

Key points from Ethena’s statement:

• USDE’s minting and redemption functions continue to operate smoothly.
• The protocol remains overcollateralized, and the overall system security has not been compromised.

Ethena also noted that during the recent liquidation wave, futures contracts traded below the spot price, which had an unexpected effect on USDE’s unrealized profits. However, the protocol emphasized that realizing these positions will ultimately benefit the system in the long term.

“Increased Collateral Ratio Strengthens the System”

According to Ethena, the recent price volatility strengthened rather than weakened the protocol’s collateral structure. The team confirmed that USDE is currently more overcollateralized than the previous day, demonstrating that Ethena’s collateral management model remains resilient even under stressed market conditions.

Crypto analysts note that USDE’s brief depeg was caused by excessive selling pressure across the market and does not indicate a systemic issue. However, some experts argue that stablecoin projects should reassess collateral management risks during periods of high volatility.

Ethena Reassures Users as the Market Watches

Although USDE losing its peg created a stir in the stablecoin market, the Ethena ecosystem continues to emphasize the system’s security. The protocol reassures users that their assets are not at risk and will provide regular updates on developments.

As the crypto market remains volatile due to Trump’s trade policies, it will be closely monitored in the coming days whether USDE can fully regain stability.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Moments of Panic: Popular Stablecoin Loses Its Peg, Official Statement Released! appeared first on Coin Engineer.

JupUSD: Powered by Ethena’s Stablecoin-as-a-Service Platform

JupUSD is developed using Ethena’s Stablecoin-as-a-Service (SCaaS) infrastructure, positioning it as a native stablecoin with strong integration potential. The token is designed to connect seamlessly with Jupiter’s ecosystem, enhancing liquidity and expanding its use across the platform.

Full Integration Across the Jupiter Stack

JupUSD will play a central role within Jupiter’s platform products:

• Jupiter Perps: Approximately $750 million in stablecoins within JLP will gradually transition to JupUSD.

• Jupiter Lend: The stablecoin will serve as a cornerstone lending asset within the platform.

This integration places JupUSD at the center of Solana’s DeFi landscape, facilitating both trading and lending activities.

Introducing JupUSD: the native stablecoin of the @JupiterExchange ecosystem built on Ethena's Stablecoin-as-a-Service stack.

JupUSD will plug into every major part of the Jupiter stack, including:

– Jupiter Perps: where the ~$750m in stablecoins inside of JLP will gradually be… pic.twitter.com/jlNLc2eNCz

— Ethena Labs (@ethena_labs) October 8, 2025

Backing and Security

Currently under development, JupUSD is expected to go live in the coming months. Initially, it will be backed by USDtb, which itself is nearly fully supported by Blackrock’s BUIDL fund. In the future, the collateral framework may expand to include assets such as USDe.

The Latest Addition to Ethena’s Whitelabel Program

JupUSD is the newest stablecoin emerging from Ethena’s Whitelabel SCaaS product line. With this launch, Jupiter joins a select group of Tier-1 protocols and blockchains participating in the program, further solidifying its presence in the Solana ecosystem.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ethena and Jupiter Launch Native Stablecoin on Solana: JupUSD appeared first on Coin Engineer.

Ethena Announced: High Yield and Low Costs with USDe

Through this partnership, users will gain access to several key benefits:

• Up to 5% APY on USDe holdings

• Zero fees on USDe-to-fiat conversions

• Seamless access across iOS, Android, and web platforms

In the coming weeks, Ethena and UR will also roll out direct USDe spending via a Mastercard debit card, making it possible to use USDe as easily as traditional money.

We are excited to announce that Ethena has partnered with @UR_Global to bring USDe to everyday finance across 45+ countries via their neobank:

• Up to 5% APY on USDe holdings
• Zero off-ramp fees for USDe-to-fiat conversion
• Available on iOS, Android and web

With direct… https://t.co/mUkhTlqAHn pic.twitter.com/IeESxPFTNI

— Ethena Labs (@ethena_labs) October 7, 2025

UR: Bridging Crypto and Traditional Finance

UR provides a unified account for both crypto and fiat assets, giving users the ability to manage their finances more efficiently. With low-cost global transfers, multi-currency fiat conversions, and integration with Apple Pay and Google Pay, UR simplifies everyday financial management.

Pro Membership Benefits

As part of its launch campaign, UR is offering a limited-time complimentary upgrade to Pro membership. This premium package includes:

• Zero off-ramp fees

• Zero bank transfer fees

• Higher monthly transaction limits

Ethena Partnership: USDe as a Savings Tool

One of the most notable aspects of this collaboration is the ability for users to earn up to 5% APY on USDe held in UR wallets. Thanks to Ethena’s involvement, USDe becomes not only a medium of exchange but also a powerful savings and investment instrument.

Redefining the Future of Finance

The Ethena and UR Global partnership underscores the ongoing convergence of DeFi and traditional banking. By combining transparency, low costs, and user ownership, UR is bringing back the freedom that money was always meant to embody. Now fully launched across more than 45 countries, UR represents a new era of financial empowerment for users worldwide.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest newsand updates.

The post Ethena (ENA) Expands to 45 New Countries with New Collaboration! appeared first on Coin Engineer.

The largest token unlocks in October will take place on the Grass network with $144 million worth of tokens. In second place comes the Plasma (XPL) network, with a $92 million unlock. Other altcoins will also see small and mid-sized unlocks, offering additional opportunities for investors.

Key Unlocks and Dates

• Ethena (ENA) – October 2
  Unlock: 40.6M tokens ($23.7M), 0.62% of circulating supply.
  This unlock will provide ENA with additional liquidity and may create buying opportunities for retail investors.

• Immutable X (IMX) – October 2
  Unlock: 24.52M tokens ($17.6M), 1.26% of circulating supply.
  For IMX, this unlock means tokens allocated for ecosystem projects will enter circulation.

• Linea (LINEA) – October 10
  Unlock: 480M + 600M long-term tokens ($28M), 6.57% of circulating supply.
  LINEA will view this period as a critical opportunity for ecosystem development and liquidity support.

• Aptos (APT) – October 11
  Unlock: 11.3M tokens ($52.2M), 2.15% of circulating supply.
  APT investors should expect short-term volatility and increased liquidity.

• Aethir (ATH) – October 12
  Unlock: 1.26B tokens ($65.4M), 16.08% of circulating supply.
  This massive supply increase could significantly boost ATH’s trading volume and volatility.

• Starknet (STRK) – October 15
  Unlock: 127M tokens ($18.24M), 5.64% of circulating supply.

• Sei (SEI) – October 15
  Unlock: 55.5M tokens ($16.25M), 1.15% of circulating supply.

• Arbitrum (ARB) – October 16
  Unlock: 92.6M tokens ($40M), 1.99% of circulating supply.

• Fasttoken (FTN) – October 18
  Unlock: 20M tokens ($40.4M), 2.04% of circulating supply.

• Kaito (KAITO) – October 20
  Unlock: 8.35M tokens ($12.5M), 3.06% of circulating supply.

• Plasma (XPL) – October 25
  Unlock: 20M tokens ($88.89M), 6.84% of circulating supply.
  This unlock may help restore confidence in the XPL market after recent FUD rumors.

• Grass (GRASS) – October 28
  Unlock: 181M tokens ($145.4M), 72.4% of circulating supply.
  Grass will lead October with the largest unlock, providing significant market liquidity.

• Jupiter (JUP) – October 28
  Unlock: 53.47M tokens ($24.5M), 1.72% of circulating supply.

Outlook

The major token unlocks in October bring both opportunities and risks for investors. Large releases such as Grass and Plasma could exert selling pressure in the short term, while medium and smaller unlocks across other altcoins may offer investment opportunities.

For crypto investors, closely monitoring market movements during this period will be crucial to anticipate liquidity changes and potential price fluctuations. In the long run, token unlocks play a key role in strengthening ecosystems and improving token liquidity.

 In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post Major Token Unlocks Could Shake the Crypto Market in October! appeared first on Coin Engineer.

Ethena Partnership and a Next-Gen Stablecoin Model

The first product, suiUSDe, is being developed using Ethena’s infrastructure. Unlike traditional stablecoins backed by fiat reserves, suiUSDe will be supported by short-term trading positions in digital assets. This design ensures it maintains its dollar peg while also generating additional yield.

According to Sui Group, the revenues generated from suiUSDe will be used to purchase additional SUI tokens. These buybacks, coordinated jointly by the Sui Foundation and Sui Group, will be reintegrated into the ecosystem.

This mechanism creates a self-sustaining cycle, where stablecoin usage directly fuels value creation within the Sui ecosystem.

Two Stablecoins: Yield-Bearing and Non-Yield Models

Sui Group is launching two stablecoins to cater to different use cases:

• suiUSDe: A yield-bearing, synthetic dollar model backed by digital assets.
• USDi: A non-yield, traditional stablecoin designed to maintain a fixed value without providing returns to holders.

These two products aim to offer distinct value propositions, taking into account users’ risk and return preferences.

Sui’s Growing Ecosystem

Sui Group recently announced that SUI token holdings have surpassed $300 million. The company further strengthened this position with a $450 million private funding round and an agreement with the Sui Foundation for discounted token purchases.

The Proof-of-Stake Layer-1 blockchain Sui positions itself as an alternative to major players like Ethereum and Solana. Optimized for high-performance DeFi applications, the network aims to expand its ecosystem to a broader user base with this new stablecoin initiative.

Analyst Commentary

Crypto analysts view Sui’s stablecoin move as a strategic step to strengthen the ecosystem. In particular, suiUSDe’s revenue-generating feature positions it not only as a medium of transfer but also as an investment tool, potentially enhancing Sui’s competitiveness in DeFi against Ethereum and Solana.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Exciting Stablecoin Move from Sui! appeared first on Coin Engineer.

What Happened on the First Day of TOKEN2049?

Maelstrom Launches Private Equity Arm: “Maelstrom Equity”

Arthur Hayes, co-founder of BitMEX, used the stage at TOKEN2049 to unveil a new division under his family office: Maelstrom Equity. For the first time, the firm will accept external institutional capital, targeting both majority and minority stakes in crypto and crypto-adjacent companies.

With a focus on businesses facing liquidity challenges or those primed for transformational growth, Maelstrom is expanding beyond venture and liquid markets into buyouts and growth equity. This move positions the firm to play a pivotal role in reshaping mature verticals within the crypto ecosystem.

KuCoin Rebrands With a New Identity: “Trust First. Trade Next.”

Global exchange KuCoin introduced its refreshed brand identity at TOKEN2049, centered around the principle “Trust First. Trade Next.”

Originally launched in 2017 as “the crypto exchange for everyone,” KuCoin now positions itself as “the crypto partner you can trust.” The updated visual identity reflects its core ethos of security, transparency, and accessibility, aiming to reinforce trust during periods of market volatility while strengthening its global appeal.

MEXC Ventures Commits $30M to Ethena’s ENA

Another key headline from Day One came from MEXC Ventures, which announced its second strategic investment in ENA, the governance token of the Ethena protocol. This brings its total commitment to $30 million.

When combined with a previous $16 million investment and a $20 million USDe acquisition, MEXC’s total exposure to the Ethena ecosystem now stands at $66 million. According to Cecilia Hsueh, Chief Strategy Officer at MEXC, the firm’s approach extends far beyond capital deployment, aiming to integrate operational synergies and project-level support to accelerate ecosystem growth.

Tether Gold (XAUt) Goes Live on Celo

Tether Gold (XAUt) has officially launched on the Celo network, expanding access to tokenized gold across more than 150 countries.

The addition complements Celo’s existing integration of USDT, which has already been used in over 119 million transactions as a gas currency. With XAUt now live, users within the Celo ecosystem gain seamless access to one of the oldest stores of value, bridging traditional assets with blockchain infrastructure.

Celo Introduces Nightfall Privacy Layer for Enterprise Payments

The Celo Foundation also announced the deployment of Nightfall, an open-source zero-knowledge privacy layer built by EY. Now live as a Layer 3 on Celo, Nightfall represents the first time a payments-focused blockchain has adopted this technology.

Nightfall leverages ZK proofs and ZK-ZK rollups to deliver private, auditable transactions at a fraction of traditional costs. The solution is designed for B2B payments, supply chain finance, and other enterprise use cases where confidentiality and efficiency are mission-critical.

A Strong Start to a Landmark Event!

Even on its first day, TOKEN2049 demonstrated why it remains the epicenter of the crypto world. From major equity announcements and rebranding strategies to significant investments and technical innovations, the event is shaping the conversation around both the current state and future trajectory of digital assets.

As the week continues, participants can expect even more high-profile panels, product launches, and strategic collaborations. TOKEN2049 has once again proven to be more than just a conference—it is where the next chapter of the crypto industry is written.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post We’re at TOKEN2049! What Happened on the First Day? appeared first on Coin Engineer.

USDT and USDC Lead, USDe Gains Momentum

Data shows USDT led with $19.6 billion net inflows in Q3. USDC followed with $12.3 billion. Ethena’s synthetic stablecoin USDe attracted $9 billion, showing strong performance. PayPal’s PYUSD saw $1.4 billion, and MakerDAO’s USDS gained $1.3 billion. New projects like RLUSD and Ethena USDtb also recorded steady growth, reflecting strong demand for both established and emerging stablecoins.

You May Be Interested In: Has the Stablecoin Market Really Surpassed $300 Billion?

Ethereum Dominates, Other Chains Growing

Ethereum remained the most used network for stablecoins, holding $171 billion in circulation. Tron ranked second with $76 billion. Solana, Arbitrum, and BNB Chain collectively provided $29.7 billion in supply for users. In terms of tokens, USDT leads with a 59% market share, USDC holds 25%, and USDe is rapidly growing at around 5%.

Stablecoin Market Expands, Transaction Activity Balances

The total stablecoin market value reached $290 billion over the past 30 days. Monthly active addresses fell to 26 million due to user activity, down 22.6%, while transfer volume dropped 11% to $3.17 trillion. While investor demand continues to grow, on-chain transaction activity indicates the market is seeking a new balance.

The post Stablecoin Market Sees $46 Billion Inflow appeared first on Coin Engineer.

As we enter the new week, one of the most important issues investors are focusing on is large-scale token unlocks. Token unlocks mean that the relevant cryptocurrencies enter the market as new supply, and in the short term, this can create selling pressure and affect the price. Here are the major upcoming token unlocks:

Optimism (OP)

Optimism is a Layer-2 solution developed to solve Ethereum’s scaling problems and offers fast and low-cost transactions in the DeFi ecosystem.

Unlock amount: $21.62 million

Ratio to total market cap: 1.81%

Market cap: $1.19 billion

Date and time: September 30, 2025, 23:00

Kamino (KMNO)

Kamino operates as an optimized liquidity protocol in the DeFi ecosystem and offers users passive income and automated portfolio management.

Unlock amount: $15.39 million

Ratio to total market cap: 7.94%

Market cap: $194.14 million

Date and time: September 30, 2025, 23:00

AltLayer (ALT)

AltLayer is a modular rollup platform that enables different Web3 projects to quickly set up their own blockchains.

Unlock amount: $6.73 million

Ratio to total market cap: 5.37%

Market cap: $125.42 million

Date and time: September 30, 2025, 09:00

Bonk (BONK)

Bonk is a popular “meme token” created in the Solana ecosystem and stands out with its community-driven structure.

Unlock amount: $9.66 million

Ratio to total market cap: 0.65%

Market cap: $1.48 billion

Date and time: October 1, 2025, 03:00

Orbler (ORBR)

Orbler is a blockchain platform that provides infrastructure for Web3 gaming and metaverse projects.

Unlock amount: $3.25 million

Ratio to total market cap: 3.12%

Market cap: $104.40 million

Date and time: October 2, 2025, 03:00

Quack AI (Q)

Quack AI is a crypto project that offers artificial intelligence–based analysis and trading tools, targeting individual investors in particular.

Unlock amount: $11.21 million

Ratio to total market cap: 24.58%

Market cap: $45.56 million

Date and time: October 2, 2025, 03:00

Ethena (ENA)

Ethena is a project developing the concept of a “synthetic dollar” in the crypto market and aims to build a stable, highly liquid DeFi ecosystem.

Unlock amount: $55.37 million

Ratio to total market cap: 1.37%

Market cap: $4.05 billion

Date and time: October 2, 2025, 11:00

Evaluation

The token unlocks taking place in the new week may create both short-term pressure and long-term opportunities in the market. In projects with high market capitalization such as Optimism (OP) and Ethena (ENA), the unlocked amounts may have a relatively limited effect.

However, in lower market cap tokens like Kamino (KMNO) and Quack AI (Q), unlocks could have a stronger impact and cause significant price fluctuations. Therefore, it is important for investors to closely monitor liquidity conditions, whale movements, and market sentiment in the coming days.

 In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post Tokens to Be Unlocked in the New Week: The List Includes Some Surprising Names! appeared first on Coin Engineer.