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News Explorer — Ethena Labs Launches $ENA Token and Expands USDe Stablecoin, Despite Controversy and Concerns

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Apr 2, 8:32 pm
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Ethena Labs Launches $ENA Token and Expands USDe Stablecoin, Despite Controversy and Concerns

Ethena Labs has launched its governance token, $ENA, and expanded its stablecoin, USDe. The launch has received attention and praise, despite controversy surrounding a misleading press release and concerns about the protocol's flaws. The coin has gained significant market capitalization and is now ranked as the 80th most valuable cryptocurrency.

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