Ethena simplifies the journey of launching & managing your own stablecoin.Control, superior economics, and robust reserves transparency are at it's centre.Enables you to focus on your product while retaining the economics of stablecoins within your ecosystem.
Stablecoin issuers through Ethena's infrastructure will be able to choose backing allocations between USDe and USDtb.
Ethena already powers a number of leading and up and coming stablecoins. Learn more about them here.
Neutrl is a DeFi protocol offering NUSD, a synthetic dollar token that captures yields from arbitraging discounted altcoins in OTC markets. By hedging with perpetual futures, it generates market-neutral returns, targeting a $10 billion locked token market.Inspired by Ethena's success with USDe, Neutrl integrates USDe as a core asset in its basis strategies, combining OTC deal flow with delta-neutral hedging to create accessible, crypto-native yields for broader investors.
MegaETH is the first real-time blockchain, offering sub-millisecond latency and massive scalability for crypto applications. It empowers developers to create seamless, high-throughput experiences.In collaboration with Ethena, MegaETH introduced USDm, a stablecoin backed by USDtb reserves, designed to subsidize sequencer fees, keeping transaction costs low and stable to drive ecosystem growth.
InfiniFi is a fractional reserve stablecoin protocol powering iUSD, a digital dollar that lets users earn yield with full control over liquidity. By combining exit timers with Ethena's sUSDe and PTs, InfiniFi delivers amplified APY without leverage or lock-up risk.Backed by Ethena's delta-neutral strategies, InfiniFi aligns liquidity, duration, and rewards into a transparent, depositor-controlled system. Users mint iUSD, choose their exit horizon, and access scalable, above-market yields—bringing a smarter, DeFi-native upgrade to fractional reserves.
Ethena infrastructure undergoes rigorous security audits and real-time proof-of-reserves verification to provide the highest level of trust and reliability.
Audits by Zellic, Quantstamp, Spearbit & CantinaNo critical or high vulnerabilities reportedPublic audit via Code4rena for open security validation
