Organization record
Record sog_issuer_ethena_labs
Ethena Labs
Ethena Labs develops USDe and related synthetic-dollar products.
- Category
- Company or corporate group
- Regulatory character
- Not recorded in canonical data
- Jurisdiction
- Unknown or not publicly resolved
Scope: Unknown or not publicly resolved - Connected assets
- 3
- Relationships
- 3 current
0 historical - Evidence
- 10 source records
Reviewed identity
Organization summary
The primary category, regulatory character, jurisdiction, asset count, relationship count, and Evidence count are already shown above.Ethena Labs develops USDe and related synthetic-dollar products.
- Legal form
- Not recorded in canonical data
- Functional roles
- Protocol operator
- Official website
- https://www.ethena.fi/
- Record confidence
- Medium
- Last reviewed
- 2026-06-02
Connected assets
Relationships
Current, ended, and unknown relationships remain separate. Primary display is navigation only.| Stablecoin | Role | Period | State | Lifecycle |
|---|---|---|---|---|
| Ethena USDePrimary display | Protocol operator | Not yet recorded – Not yet recorded | Active relationship | Active |
| Ethena USDtbPrimary display | Protocol operator | Not yet recorded – Not yet recorded | Active relationship | Active |
| Staked USDePrimary display | Protocol operator | Not yet recorded – Not yet recorded | Active relationship | Active |
Ethena USDe
PrimaryProtocol operator
Start not recorded – Present / not recordedEthena USDtb
PrimaryProtocol operator
Start not recorded – Present / not recordedStaked USDe
PrimaryProtocol operator
Start not recorded – Present / not recordedMaterial history
Events
The five latest typed events are shown first. Control actions remain linked to evidence.| Date | Event | Type | Effect |
|---|---|---|---|
| 2024-12-16 | Ethena launches USDtb | LaunchLaunch and introduction | Remained active |
| 2024-02-19 | Ethena launches USDe | LaunchLaunch and introduction | Remained active |
| Not yet recorded | sUSDe operates as Ethena's reward-accruing USDe vault receipt | Protocol Model UpdateGovernance and protocol change | Remained active |
Ethena launches USDtb
Launch
Remained activeEthena launches USDe
Launch
Remained activesUSDe operates as Ethena's reward-accruing USDe vault receipt
Protocol Model Update
Remained activeProvenance
Evidence
The first ten source records are shown initially. Source identity, publication date, reliability, and archive state remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Ethena documentation for USDe Published Not yet recorded | Ethena Labs | Official statement or announcement Canonical: Issuer Statement | Subject-controlled source | Primary source | Entity Collateral Redemption, Usde Synthetic Dollar Lifecycle Context, Entity Identity, Active Product, Relationship to Usde, Entity and Current Status | Archive index or wildcard | High |
| Ethena Shard Campaign: Epoch 1 Published 2024-02-19 | Ethena Labs | Official statement or announcement Canonical: Official Statement | Subject-controlled source | Primary source | Official Public Launch Date | No archive recorded | High |
| USDe Overview Published Not yet recorded | Ethena | Official documentation or product page Canonical: Protocol Docs | Subject-controlled source | Primary source | Usde Backing Mint Redeem and Synthetic Dollar Classification | No archive recorded | High |
| USDe Terms and Conditions Published Not yet recorded | Ethena | Legal terms or disclosure Canonical: Legal Terms | Subject-controlled source | Primary source | Usde Redemption Eligibility and Non Yielding Asset Context | Direct archived snapshot | High |
| Ethena USDtb documentation Published Not yet recorded | Ethena | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Entity Identity, Reserve Composition, Stablecoin Liquidity Reserve, Entity and Reserve | Archive index or wildcard | High |
| Ethena USDtb launch announcement Published Not yet recorded | Ethena | Official statement or announcement Canonical: Official Statement | Subject-controlled source | Primary source | Launch, Product Identity, Launch Date Support, Launch and Identity | Archive index or wildcard | High |
| Ethena custodian attestations Published Not yet recorded | Ethena | Reserve, assurance, or financial report Canonical: Reserve Report Index | Assurance or financial-report source | Primary source | Custodian Attestations, Reserve Reporting, Custody and Attestations | Archive index or wildcard | High |
| Ethena Leverages Curve Finance to Support USDtb Launch Published 2024-12-16 | Curve Finance | Official statement or announcement Canonical: Official Ecosystem Publication | Subject-controlled source | Primary source | Launch date, Product Launch, Curve Distribution, Dated Usdtb Launch Confirmation | Archive index or wildcard | High |
Official statement or announcement
HighEthena documentation for USDe
- Publisher
- Ethena Labs
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Entity Collateral Redemption, Usde Synthetic Dollar Lifecycle Context, Entity Identity, Active Product, Relationship to Usde, Entity and Current Status
- Archive
- Archive index or wildcard
- Reliability
- High
Official statement or announcement
HighEthena Shard Campaign: Epoch 1
- Publisher
- Ethena Labs
- Published
- 2024-02-19
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Official Public Launch Date
- Archive
- No archive recorded
- Reliability
- High
Official documentation or product page
HighUSDe Overview
- Publisher
- Ethena
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Usde Backing Mint Redeem and Synthetic Dollar Classification
- Archive
- No archive recorded
- Reliability
- High
Legal terms or disclosure
HighUSDe Terms and Conditions
- Publisher
- Ethena
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Usde Redemption Eligibility and Non Yielding Asset Context
- Archive
- Direct archived snapshot
- Reliability
- High
Official documentation or product page
HighEthena USDtb documentation
- Publisher
- Ethena
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Entity Identity, Reserve Composition, Stablecoin Liquidity Reserve, Entity and Reserve
- Archive
- Archive index or wildcard
- Reliability
- High
Official statement or announcement
HighEthena USDtb launch announcement
- Publisher
- Ethena
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Launch, Product Identity, Launch Date Support, Launch and Identity
- Archive
- Archive index or wildcard
- Reliability
- High
Reserve, assurance, or financial report
HighEthena custodian attestations
- Publisher
- Ethena
- Published
- Not yet recorded
- Provenance
- Assurance or financial-report source
- Primary or secondary
- Primary source
- Supported claims
- Custodian Attestations, Reserve Reporting, Custody and Attestations
- Archive
- Archive index or wildcard
- Reliability
- High
Official statement or announcement
HighEthena Leverages Curve Finance to Support USDtb Launch
- Publisher
- Curve Finance
- Published
- 2024-12-16
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Launch date, Product Launch, Curve Distribution, Dated Usdtb Launch Confirmation
- Archive
- Archive index or wildcard
- Reliability
- High
Show 2 additional source records
| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| sUSDe rewards mechanism Published Not yet recorded | Ethena | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Token Vault, Exchange Rate Accrual, Underlying Usde, Income and Wrapper Mechanics | Archive index or wildcard | High |
| Staking USDe Published Not yet recorded | Ethena | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Stake Usde, Unstake, Variable Rewards, Subscription Redemption and Rewards | Archive index or wildcard | High |
Official documentation or product page
HighsUSDe rewards mechanism
- Publisher
- Ethena
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Token Vault, Exchange Rate Accrual, Underlying Usde, Income and Wrapper Mechanics
- Archive
- Archive index or wildcard
- Reliability
- High
Official documentation or product page
HighStaking USDe
- Publisher
- Ethena
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Stake Usde, Unstake, Variable Rewards, Subscription Redemption and Rewards
- Archive
- Archive index or wildcard
- Reliability
- High
UncertaintyKnown unknowns5
Backing Redemption Risk
USDe backing dashboard, custodial setup, delta-hedging venues, reserve fund, mint/redeem eligibility, and jurisdictional restrictions need deeper source-backed review.
High · last checked 2026-06-02Keep visible until exact Ethena risk, backing, and mint/redeem sources are reviewed.
Legal Claim and Issuer Structure
Current public documentation explains backing and product operation but does not fully resolve the token holder's legal claim, reserve ownership, and all issuing or service entities.
High · last checked 2026-06-15Legal profile remains conservative until terms specific to USDtb are normalized.
Direct Mint and Redemption Access
The exact current list of approved creation and redemption counterparties, minimums, fees, and settlement routes is not fully public in one durable source.
Medium · last checked 2026-06-15General holders should not be represented as having unrestricted issuer redemption.
Exact Launch Date
Current official materials establish sUSDe's active design but the canonical day-level launch date is not normalized in this batch.
Low · last checked 2026-06-15Keep launch date null pending a dated primary source.
Current Reward Rate and Cooldown
sUSDe rewards and unstaking conditions are variable and are not snapshotted as a permanent record value.
Medium · last checked 2026-06-15Requires periodic protocol-state monitoring.
Maintenance