DeFi protocol Ether Fi said it is launching its own U.S. dollar stablecoin, Ether Fi USD, with underlying support from Ethena. The company said its platform already holds more than $300 million in stablecoin assets, and the new token will be integrated natively across Ether Fi products. Ether Fi did not disclose the stablecoin’s reserve composition, yield design, or issuance size at this stage. It said more details will be released later together with Ethena. The announcement outlines the product launch and the planned integration, while leaving key structural details for a later update.
DeFi protocol Ether Fi has announced the launch of its own U.S. dollar stablecoin, Ether Fi USD, with underlying support from Ethena.
Ether Fi said its platform already has more than $300 million in stablecoin assets, and the new stablecoin will be integrated natively into its products.
The company has not disclosed the reserve structure, yield mechanism, or issuance size. It said more information will be released later with Ethena.
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