Odaily reported on June 12 that Ethena has announced the official launch of its first product developed in collaboration with Coinbase. The product is a stablecoin yield pool introduced by SteakhouseFi. It is based on USDe and runs on Morpho, according to the announcement.
USDe Yield Pool Goes Live in the Coinbase App
The newly launched product is now available directly inside the Coinbase App. Ethena described it as the first product from its cooperation with Coinbase, with the pool structured around USDe and deployed through Morpho. The announcement identifies SteakhouseFi as the party behind the stablecoin yield pool.
The product is open to both users in the United States and users overseas. The entities named in the announcement are Ethena, Coinbase, SteakhouseFi and Morpho. The product format is a stablecoin yield pool, the referenced asset is USDe, the operating venue is Morpho, and the access channel is the Coinbase App.