Ethena Crypto is Growing Its Team: Might You Be the Next Face of USDe?

How’s your mental state, 99Bitcoins family? Feeling down? Feeling good? For Ethena crypto, it’s been quite the year filled with ups and downs.

Following two years of relative calm, the USDe team, the third-largest stablecoin worldwide, is preparing for substantial developments. Co-founder Guy Young revealed on X that Ethena plans to increase its workforce by nearly 50%, marking the first significant hiring effort since its inception.

This strategy suggests new products are on the horizon and a concerted effort to reinforce Ethena’s influence in decentralized finance.

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After having a consistent group of around 20–25 team members since 2023, Ethena is set to onboard approximately 10 new hires across engineering, product, and business development.

“We’re significantly expanding the team for the first time, adding 10 new roles in engineering and product to base level two completely new business lines and products,” Young stated.

Ethena $ENA may be reaching a higher high! If verified, a push to $1.30 is on the table. pic.twitter.com/v6rtCcIm4K

— Ali (@ali_charts) October 16, 2025

These new initiatives could potentially rival the scale of USDe.

Job listings from the company are seeking candidates for roles such as Head of Protection, Senior Backend Engineer, along with several DeFi and Trading Engineers, as well as openings in business development and design.

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Ethena’s future offerings will enhance its stablecoin ecosystem, USDe and USDtb, which are crafted to sustain on-chain price stability without direct fiat base level. These new ventures, anticipated to launch within three months, could establish parallel product lines comparable to USDe, that already ranks highly among stable assets in Decentralized finance.

Data from DeFi Llama indicates that Ethena’s total value locked (TVL) has surged to nearly $11.8 billion, showing an increase of over 18% month-over-month, spurred by integrations through ETH Layer-2s and Solana-based liquidity platforms.

Ethena’s profile has grown alongside its backers, including Binance Labs, Dragonfly, Fidelity, and Franklin Templeton, reputed names that typically do not back vanity projects. Its reach expanded further in September when M2 Capital, the UAE-based investment division of a digital asset conglomerate, partnered strategically, enhancing Ethena’s global reach.

Momentum is also influencing other networks. Solana’s premier aggregator, Jupiter, is preparing to introduce its new stablecoin, JupUSD, utilizing Ethena’s infrastructure.

A Widening Trend Toward Synthetic Dollar Supremacy

With ongoing regulatory scrutiny surrounding conventional stablecoins like USDT and USDC, Ethena’s “synthetic dollar” framework has gained popularity. CoinGecko data reveals that trading volumes for USDe have skyrocketed by over 25% in the past month, with daily averages hitting $220 million.

Ethena’s growth signifies more than just expansion; it represents a strategic investment in the future of programmable currency.

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