On June 12, Ethena said in an official announcement that the first product developed with Coinbase has gone live. The product is a stablecoin yield pool launched by SteakhouseFi. It is built around USDe and operates on Morpho.
USDe pool is available in the Coinbase App
According to Ethena’s announcement, the product has been listed directly inside the Coinbase App. Ethena described it as the first product to come from its collaboration with Coinbase, with SteakhouseFi as the issuer of the yield pool and Morpho as the platform on which it runs.
The product is available to users in the United States and overseas. The information released by Ethena focuses on the launch status, the parties involved, the USDe-based structure, the Morpho deployment, and access through the Coinbase App.
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