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Ether.fi Is Launching Its Own Stablecoin, With Ethena Running the Reserves

Ethena will handle reserves, minting, redemptions and compliance for ether.fi USD, a token aimed at the more than $300 million in stablecoins already on ether.fi.

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Ether.fi will launch ether.fi USD through the Ethena infrastructure, which will deal with reserves, issuance, refunds and compliance. The initiative seeks to incorporate its own stablecoin into a platform that already registers more than $300 million in stablecoins deposits and expands its payment services.

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Cryptocurrency News | Cryptocurrency Prices | Market Cap broke the news on Tuesday, October 6, 2026.
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