EtherFi Launches Stablecoin to Capture $300M in Deposits

Crypto15 days ago

A new digital currency named EtherFi USD will leverage Ethena's whitelabel service to handle reserves, issuance, and compliance. EtherFi is integrating its own stablecoin to control its financial stack and generate revenue from idle balances, building upon the more than $300 million in stablecoin deposits currently held across its ecosystem.

The company is expanding its offerings alongside its Cash card, which it introduced in 2024. That specific product has reached over 100,000 active cards and has recorded nearly $1 billion in total spend since its launch.

Mapped to your portfolio

Possible scenarios

45%Deposit Target Achieved0.0%
25%Compliance-Led Growth+0.0%
20%Incumbents Defend Share0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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EtherFi Launches Stablecoin to Capture $300M in Deposits

In this story

EtherFi Ethena Labs

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

45%Deposit Target Achieved0.0%
25%Compliance-Led Growth+0.0%
20%Incumbents Defend Share0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.