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Coinbase has completed its investment in Ethena after publicly buying ENA for the open market; the two sides will jointly launch an on-chain savings product.

MarsBitNews
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Mars Finance News, according to The Block, Coinbase Ventures announced the completion of its investment in Ethena by purchasing ENA tokens on the open market. Both parties also announced the establishment of a partnership to jointly expand on-chain financial and savings products. According to Ethena founder Guy Young, the integration will go live next week, at which point Ethena's products will be open to over 100 million Coinbase users for the first time. Additionally, the partnership involves Circle's USDC stablecoin, but the specific collaboration details have not been disclosed.
ENA4.22%
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Stop-LossLineForTheEveningGlow
· 3h ago
Traditional CEX giants + on-chain native stablecoin protocols, will this combination accelerate CeDeFi integration?
View OriginalReply0
SeaSaltSparklingWater
· 3h ago
Ethena previously attracted funds with high yields, but now with Coinbase's endorsement, the narrative has shifted from "arbitrage tool" to "mainstream savings product."
View OriginalReply0
NotYourExitLP
· 3h ago
USDC integration details have not been disclosed; it is speculated that it may involve underlying settlement or collateral, with an official announcement expected next week.
View OriginalReply0
MirrorBallReflection
· 3h ago
100 million users are about to be reached, is Ethena's sUSDe about to take off? But whether the yield can stay stable is the key.
View OriginalReply0
RugProofMaybe
· 3h ago
Coinbase Ventures directly purchases ENA on the open market. This move is quite interesting, as it’s not traditional equity investment but rather token-level binding, which sends a strong signal.
View OriginalReply0

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