Hope people got in who wanted to

$ENA chart confirming weekly breakout of multi-month consolidation tradfi is *just* now waking up to the stablecoin game, now ethena is even more accessible to them + added $260M of buybacks on open market only stablecoin paying 10%+ yields on billions in AUM

"Reflexive $ENA bid coming soon, as the next phase of USDe supply expansion occurs." Sometimes when you say things they just happen. ATH for USDe supply. ATH for ENA loading.

Seems as though the DAT phenomenon is quite divisive, wanted to share some thoughts on why we thought this was a worthwhile pursuit:

Celebrating the small wins in life… 7 billion dollars, sUSDe at 12% USDtb on track to become the first GENIUS compliant stable [REDACTED]

Q4 for SOL real outperformance again I think

Ethena is set to become the first stablecoin developer whose product has a clear path to full compliance with the U.S. GENIUS Act Through our partnership with @Anchorage, the only federally chartered crypto bank, USDtb will move onshore to become a U.S. federally regulated payment stablecoin

I remember when Ethena first launched one of the many criticisms was it couldn't scale beyond $1-2b in supply USDe supply +$1,600,000,000 in 7 days

think it teases but doesn't fill, what an opp tho

Young Cho, CEO of TLGY commented, “As a top-three issuer of digital dollars alongside Tether and Circle, Ethena is a direct beneficiary of the growth in stablecoin adoption. But, it is currently difficult for investors to capitalize on its strong position since the native token ENA is difficult to access in traditional capital markets. This transaction gives public market investors transparent, well‑governed access to the Ethena ecosystem. Deploying capital to accumulate ENA at scale is a deliberate, multi‑year capital allocation strategy that will enable StablecoinX to capture the value driven by the secular surge in demand for digital dollars while compounding intrinsic value per share. We are pairing the rigor of soon-to-be Nasdaq‑listed company with the velocity of crypto innovation, and I’m thrilled to be leading this effort.”