Ethena Boosts Team as It Preps for Two New Products

Ethena is bolstering its workforce with the goal of launching two new stablecoin-based products. The company’s expansion signals a major push into DeFi innovation and comes after it secured funding from prominent investors. Ethena Labs, behind the third-largest stablecoin, USDe, plans to significantly increase its team size by nearly 50 percent to support these initiatives. The move is part of a broader strategy to rival the scale of existing stablecoins.