Ethena Doubles Down: 50% Team Expansion Prepares for Major Product Launch

Ethena, the company behind the third-largest stablecoin USDe, is accelerating its growth with a major hiring spree. Co-founder Guy Young announced that Ethena’s team will expand by approximately 50%, marking the project’s most significant personnel boost since launch. This expansion comes as Ethena prepares to introduce two entirely new business lines and products in the coming months, according to Young’s recent announcement on X (formerly Twitter). The company plans to hire around ten new engineers and product developers, a substantial shift from its previous stable team size of 20-25 individuals. }