Ethena announces strategic partnership with Coinbase

Golden Finance reports that on June 3rd, the decentralized finance protocol Ethena announced a strategic partnership with Coinbase, with both parties jointly promoting the development of on-chain financial and savings products, covering over 100 million users. The first growth plan is expected to be officially launched next week, aiming to accelerate the adoption and application of on-chain financial products.
As part of the collaboration, Coinbase Ventures also completed its first investment in the ENA token through the open market. This is Coinbase Ventures' first direct purchase of ENA, further strengthening the partnership in building the on-chain financial ecosystem.
Coinbase Ventures stated that Ethena has become an important player in the on-chain financial sector, and its innovative products are driving the development of stablecoins and on-chain yield markets. In the future, both parties will also engage in in-depth cooperation around the USDC ecosystem and more on-chain financial products, jointly promoting the growth of crypto financial infrastructure.
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