Ethena's Buyback Fee Turns On at $7.5B. USDe Sits at $4.6B.
Ethena's proposed fee switch would send 95% of revenue to ENA buybacks, but only once USDe hits $7.5 billion. It sits near $4.6 billion today.
Ethena's proposed fee switch would send 95% of revenue to ENA buybacks, but only once USDe hits $7.5 billion. It sits near $4.6 billion today.
Ethena opened a $1 billion FalconX facility to route USDe backing into secured institutional loans, just as delta-neutral funding yields near 4.3 percent.
The OCC gave World Liberty a national trust bank charter on August 14. The win serves its $4 billion USD1 stablecoin, not WLFI, which gained just 0.7%.
StablecoinX holds about 3.029 billion ENA worth near $253 million. Its own Nasdaq stock is valued around $87 million, a third of the coins it sits on.
StablecoinX reports a 20% ENA stake. Against the 9.83B circulating float, its 3 billion tokens are closer to 31%, and already booked at a loss.
Seventeen altcoins release locked tokens between April 28 and May 3, with KITE alone unlocking nearly half its $256M market cap. Five projects are dumping more than 20% of their float in a single day.
The stablecoin sector added $1.37 billion in the week ending April 11, 2026. USDC posted the week's strongest absolute inflow at $1.27 billion. BlackRock's BUIDL led all gainers with a 5.29% rise — while WLFI's USD1 shed 5.27%, losing $232 million tied to the project's ongoing controversy.
Dollar-pegged tokens now move over $4 trillion a quarter and back over 80% of regulated B2B settlements. Understanding how they work is no longer optional for anyone holding crypto.
Arkham Intelligence tracks $700B+ in confirmed on-chain holdings across 100 entities. From centralized exchanges to sovereign governments, here is where crypto wealth actually sits as of March 2026.
A token built around AI hype collapsed 70% after on-chain investigators exposed extreme supply concentration. The rest of the losers list told a more familiar story: a macro risk-off week, revenue pressure in DeFi, and a July token unlock hanging over Worldcoin like a known weight.
Ethena issues USDe, a synthetic dollar that holds its peg through a delta-neutral hedge of staked crypto and short perpetual positions rather than bank reserves. This tag tracks USDe supply growth, the funding-rate yield paid to sUSDe holders, the collateral and liquidity risks that critics flag, and Ethena’s rapid rise as one of the largest stablecoins. Coinliva covers the yield mechanics, the risk debate, and whether a synthetic dollar can scale safely.