Ethena
Ethena is a 2023-founded Lisbon-based DeFi company offering a synthetic stablecoin USDe and yield-bearing sUSDe with delta-neutral hedging, backed by major investors and designed for enterprise-grade digital dollar solutions.
Industry
Finance & Insurance
Market Categories
Stablecoin Issuers
Business function (Horizontal)
Finance
Headquarters Location
Lisbon, Portugal
Product Name
Ethena
Parent Company
Ethena
Founder
Guy Young
Web2vsWeb3
Web3
Access Model
SDK/ API
Target Users
Institutions, Consumers, SMEs
Competitors
Tether (USDT), Circle (USDC), MakerDAO (DAI)
Business Function (stablecoins)
Issuance & Redemption, Reserve Management, Compliance & Regulatory Oversight, Liquidity Provision, Yield Management
Feature completness
Product differentiation
Offers a synthetic delta-hedged stablecoin (USDe), a yield-bearing sUSDe, and an institutionally compliant iUSDe, providing censorship resistance and crypto-native yield generation.
Privacy & Data protection certificate
GDPR Compliance
Years in business
2.49
Employees
10-100
Horizontal Applications
Remittances, Settlements, Payment Rail, Liquidity
Tech stack modernity
Uses Ethereum blockchain for smart contracts, AWS Asia Pacific (Hong Kong) for API hosting, and provides Python and TypeScript SDKs, reflecting a modern cloud-native and blockchain-centric tech stack.
Product Roadmap
Plans include launching iUSDe, expanding backing assets beyond ETH/BTC/SOL, and integrating with mass-market platforms like Telegram.
Product Roadmap
Plans include launching iUSDe, expanding backing assets beyond ETH/BTC/SOL, and integrating with mass-market platforms like Telegram.
API Quality
Documentation Link
Enterprise readiness
Enterprise-ready through robust integration APIs, scalable architecture via CeFi liquidity, and institutional-grade SLAs supported by OES providers.
Security & Compliance Readiness
Maintains SOC 2 Type 2, adheres to GDPR, and conducts multi-phased audits by Quantstamp, Zellic, Spearbit, Pashov, Code4rena, and Chaos Labs.
Documentation quality assessment
Providing structured API, SDK guides, and audit reports.
Support Methods
Support is available for whitelisted users; response times and SLAs are not specified.
Critical capabilities
Key critical capabilities include robust Security and Compliance (SOC 2, multi-layered audits), Integration Capabilities (comprehensive APIs and SDKs), Scalability and Performance (leveraging CeFi liquidity), Technical Capabilities (delta-neutral hedging), and Industry Expertise (bridging TradFi and DeFi).
Support & Account Management
Support is available for whitelisted users; response times and SLAs are not specified.
51 Score™
585.00
Product & Service
44.0
Stability & Maturity
60.0
Technology & Innovation
60.0
Enterprise Readiness
70
Categorization
Founder
Guy Young
Parent Company
Ethena
Market category
Stablecoin Issuers
Target Users
Institutions, Consumers, SMEs
Top competitors
Tether (USDT), Circle (USDC), MakerDAO (DAI)
