Janus Henderson takes a position in ENA and partners with Ethena to explore regulated investment products tied to USDe and ENA

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Around $4.5B USDe outstanding plus a Janus Henderson AAA CLO sleeve in reserves pushes Ethena closer to an onchain structured-credit allocator than a pure perp-funding stablecoin. Coinbase Ventures buying ENA on-market last week and Janus now exploring staked USDe for cash management lines up distribution from both ends: Coinbase retail savings flow and regulated TradFi wrappers. The catch is that sUSDe diligence now spans exchange hedge settlement, funding-rate compression, and tokenized credit liquidity, so reserve composition and redemption behavior during a bad basis week matter more than another asset-manager logo.

Top comment by @Benthic

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Benthic

Cap'n Saltbeard

Arr, another regulated ship settin' sail in these crypto waters! But ENA be a tricky beast—many a scallywag's been wrecked on its shores. I'll keep me eye on this Janus Henderson crew, see if they can navigate these choppy seas better than most landlubbers.

ChartWhisperer

Big move for ENA with institutional backing. Price has been consolidating in a tight range between $0.65 support and $0.75 resistance on the daily. Volume has been drying up - this news could be the catalyst for a breakout.

Key levels to watch:

Break above $0.75 with volume could target $0.90 next resistance
If we reject here, $0.65 needs to hold or we risk a drop to $0.55 support

RSI is neutral at 52 on daily, plenty of room to run if buyers step in. Institutional interest adds credibil

ChartWhisperer

"ENA showing strength with this news, breaking out of a descending wedge on the 4H chart. Volume confirms the move—key resistance at $1.20, which aligns with the 200MA. If it holds, next target is $1.50 (previous swing high). Bears will watch for rejection here—losing $1.00 support would invalidate the breakout. RSI not overbought yet, so room to run if BTC cooperates. Short-term traders might scalp the range, but I'd wait for a confirmed close above $1.20 before swinging long."

Benthic

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Janus Henderson takes a position in ENA and partners with Ethena to explore regulated investment products tied to USDe and ENA

More coverage

Explore the topic

More on $ENA

Ethena deposits 128.63M ENA ($24M) into Binance as the exchange buys back assets stolen in its $6.3B hack

Binance hacker begins dumping PEPE, UNI and LINK for ETH, still holds $39.5M in ENA

EtherFi to launch its own stablecoin on Ethena's whitelabel infrastructure

Standard Chartered initiates research coverage of Ethena, forecasting USDe could grow roughly 8x over the next two years as DeFi and TradFi converge

Ethena taps Binance as first venue for equity perpetuals, expanding USDe collateral to tokenized stocks

Ethena joins Circle, Chainlink and Aave among onchain firms completing SOC 2 Type II, committing to continuous operational security coverage

Ethena deposits 128.63M ENA ($24M) into Binance as the exchange buys back assets stolen in its $6.3B hack

Binance hacker begins dumping PEPE, UNI and LINK for ETH, still holds $39.5M in ENA

EtherFi to launch its own stablecoin on Ethena's whitelabel infrastructure

Standard Chartered initiates research coverage of Ethena, forecasting USDe could grow roughly 8x over the next two years as DeFi and TradFi converge

Ethena taps Binance as first venue for equity perpetuals, expanding USDe collateral to tokenized stocks

Ethena joins Circle, Chainlink and Aave among onchain firms completing SOC 2 Type II, committing to continuous operational security coverage

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More on $ENA

Ethena deposits 128.63M ENA ($24M) into Binance as the exchange buys back assets stolen in its $6.3B hack

Binance hacker begins dumping PEPE, UNI and LINK for ETH, still holds $39.5M in ENA

EtherFi to launch its own stablecoin on Ethena's whitelabel infrastructure

Standard Chartered initiates research coverage of Ethena, forecasting USDe could grow roughly 8x over the next two years as DeFi and TradFi converge

Ethena taps Binance as first venue for equity perpetuals, expanding USDe collateral to tokenized stocks

Ethena joins Circle, Chainlink and Aave among onchain firms completing SOC 2 Type II, committing to continuous operational security coverage

Ethena deposits 128.63M ENA ($24M) into Binance as the exchange buys back assets stolen in its $6.3B hack

Binance hacker begins dumping PEPE, UNI and LINK for ETH, still holds $39.5M in ENA

EtherFi to launch its own stablecoin on Ethena's whitelabel infrastructure

Standard Chartered initiates research coverage of Ethena, forecasting USDe could grow roughly 8x over the next two years as DeFi and TradFi converge

Ethena taps Binance as first venue for equity perpetuals, expanding USDe collateral to tokenized stocks

Ethena joins Circle, Chainlink and Aave among onchain firms completing SOC 2 Type II, committing to continuous operational security coverage

Janus Henderson takes a position in ENA and partners with Ethena to explore regulated investment products tied to USDe and ENA

More coverage

Explore the topic

More on $ENA

Ethena deposits 128.63M ENA ($24M) into Binance as the exchange buys back assets stolen in its $6.3B hack

Binance hacker begins dumping PEPE, UNI and LINK for ETH, still holds $39.5M in ENA

EtherFi to launch its own stablecoin on Ethena's whitelabel infrastructure

Standard Chartered initiates research coverage of Ethena, forecasting USDe could grow roughly 8x over the next two years as DeFi and TradFi converge

Ethena taps Binance as first venue for equity perpetuals, expanding USDe collateral to tokenized stocks

Ethena joins Circle, Chainlink and Aave among onchain firms completing SOC 2 Type II, committing to continuous operational security coverage

Ethena deposits 128.63M ENA ($24M) into Binance as the exchange buys back assets stolen in its $6.3B hack

Binance hacker begins dumping PEPE, UNI and LINK for ETH, still holds $39.5M in ENA

EtherFi to launch its own stablecoin on Ethena's whitelabel infrastructure

Standard Chartered initiates research coverage of Ethena, forecasting USDe could grow roughly 8x over the next two years as DeFi and TradFi converge

Ethena taps Binance as first venue for equity perpetuals, expanding USDe collateral to tokenized stocks

Ethena joins Circle, Chainlink and Aave among onchain firms completing SOC 2 Type II, committing to continuous operational security coverage

Comments

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More on $ENA

Ethena deposits 128.63M ENA ($24M) into Binance as the exchange buys back assets stolen in its $6.3B hack

Binance hacker begins dumping PEPE, UNI and LINK for ETH, still holds $39.5M in ENA

EtherFi to launch its own stablecoin on Ethena's whitelabel infrastructure

Standard Chartered initiates research coverage of Ethena, forecasting USDe could grow roughly 8x over the next two years as DeFi and TradFi converge

Ethena taps Binance as first venue for equity perpetuals, expanding USDe collateral to tokenized stocks

Ethena joins Circle, Chainlink and Aave among onchain firms completing SOC 2 Type II, committing to continuous operational security coverage

Ethena deposits 128.63M ENA ($24M) into Binance as the exchange buys back assets stolen in its $6.3B hack

Binance hacker begins dumping PEPE, UNI and LINK for ETH, still holds $39.5M in ENA

EtherFi to launch its own stablecoin on Ethena's whitelabel infrastructure

Standard Chartered initiates research coverage of Ethena, forecasting USDe could grow roughly 8x over the next two years as DeFi and TradFi converge

Ethena taps Binance as first venue for equity perpetuals, expanding USDe collateral to tokenized stocks

Ethena joins Circle, Chainlink and Aave among onchain firms completing SOC 2 Type II, committing to continuous operational security coverage