Stablecoins
This Public Company Quietly Controls 20% of Ethena's ENA Supply
StablecoinX Inc. emerged from its Nasdaq merger with about 3 billion ENA tokens, a position equal to roughly 20% of the token’s supply.
$0.20
Explore price, sentiment and investment scenarios.
Using site currency: USD ($)
Convert Fiat to Ethena
Type in either field — it's fully calculated.
≈ 0 ENA
1 ENA ≈ $0.20
Indicative only — live market price, not a quote.
Ethena (ENA) is a decentralized protocol aiming to provide a new stable asset on the Ethereum blockchain that combines the stability of traditional stablecoins with the benefits of decentralized finance (DeFi). Ethena achieves price stability through a combination of algorithmic mechanisms and collateralization, offering users a stable asset backed by crypto assets rather than fiat. ENA token holders can participate in governance, voting on important protocol changes and improvements, making it a community-driven project. As DeFi grows, Ethena is focused on creating a stable asset that can be used across a variety of dApps. For live ENA prices, historical data, and market insights, visit our Ethena Markets page to stay updated on this innovative DeFi project.
Never miss an update—keep up with daily crypto headlines and analysis.
StablecoinX Inc. emerged from its Nasdaq merger with about 3 billion ENA tokens, a position equal to roughly 20% of the token’s supply.
Securitize has expanded its tokenized AAA CLO fund, STAC, to Solana, with Ethena Labs planning a $250 million allocation.
Janus Henderson ($480B AUM) invests in ENA, backs USDe with AAA CLOs, and targets regulated ETF distribution in H2 2026.
Coinbase Ventures has purchased ENA on the open market as Coinbase and Ethena prepare to launch new onchain finance and savings products.
Anchorage Digital expands Atlas Collateral Management with Ethena Labs, enabling institutional DeFi lending with qualified custody.
Binance advertises up to 7.77% in XRP for holding Ripple's RLUSD, but the base APR fell from 7.15% to 5.98% in three weeks.