Coinbase Ventures Invests in ENA as Ethena Scales USDe Beyond $1B
Summary
Coinbase Ventures bought ENA on the open market as Coinbase deepens its relationship with Ethena. The two companies plan to launch new onchain finance and digital savings products next week. Ethena expects its products to reach Coinbase’s user base of more than 100 million people, which could materially boost adoption of USDe and ENA. The article also highlights Ethena’s recent growth across Solana, Jupiter, Kamino, and Layerzero, along with ongoing work on transparency and security.
Funding
Amount
None
Total raised
Date
June 4, 2026
Announcement date
Investors
-
Lead investors
Company
ethena.fi
Funded company
Classifications
industries
Fintech & Banking
applications
No applications detected
AskAI Classifications
Labels
Blockchain Infrastructure
SaaS
Developer Tools
Linked Companies
Ethena
$25M to $50M