Ethena Labs has recently received another funding of $10 million from ArkStream Capital as it expands its operations. The announcement arrived as the ENA token price surged more than 12% in a single day, outpacing most of the broader crypto market. ArkStream Doubles Down on Ethena This new funding follows a $5 million injection made at the end of 2024, raising ArkStream’s total support to $15 million. ArkStream Capital praised Ethena Labs for its quick progress in the decentralized finance (DeFi) space. The firm said Ethena’s steady growth and adoption led to its decision to invest more. It also noted that Ethena’s mix of equity and crypto-native protocol creates a “flywheel effect” between its USDe and ENA token. The effect is clear. As more people use USDe, ENA becomes more central to the ecosystem, fueling both adoption and investor confidence. This is not ArkStream’s first major investment in Ethena. MEXC previously committed $20 million to USDe adoption. Support from Major Investors and Buyback Programs The Ethena Foundation launched a $360 million buyback program that has steadily supported ENA prices. The Foundation is buying back $5 million worth of tokens each day, similar to how companies return capital in traditional markets. Investors also show strong confidence in the project. In August, wallets holding 100,000 to 1 million ENA grew by 12%, and while some tokens moved to exchanges for profit-taking, big holders kept increasing their positions. Ethena is not stopping at product adoption. The firm recently partnered with Anchorage Digital to develop USDtb, a GENIUS-compliant stablecoin for the U.S. market. This makes Ethena one of the first issuers preparing for the incoming regulatory framework. On the settlement side, Ethena co-developed Converge Chain, a modular blockchain where USDe and USDtb will serve as gas and settlement assets. ENA staking will secure the network, directly linking the token’s value to the growth of on-chain financial activity. USDe Growth and Market Recognition Ethena’s USDe stablecoin continues to gain traction. At the end of August, the token’s supply had crossed $12.5 billion, making it the third-largest stablecoin in circulation. Its delta-neutral yield model currently offers annualized returns between 9% and 11%, and many in the market now view it as a “quasi-risk-free” rate for decentralized finance. Demand for USDe on lending platforms is rising. Aave reported $4.7 billion in assets linked to Ethena, with steady growth in daily trading revenue. This shows that USDe is becoming a popular choice for collateral and payments. Ethena is also expanding into new channels. With its integration on the TON Blockchain, USDe will soon be available on Telegram. This could bring yield-bearing digital dollars to billions of users and take crypto beyond the traditional DeFi space. The post Crypto Firm Ethena Labs Secures $10M Boost from ArkStream Capital appeared first on TheCoinrise.com .
