Ethena: Ethena Whitelabel powers EtherFi's stablecoin launch - 06 Oct 2026
EtherFi's stablecoin launch is scheduled for 6 October 2026, powered by Ethena Whitelabel. EtherFi is launching its own stablecoin, with Ethena managing reserves, minting and redemption, and compliance end to end.The agreement adds an infrastructure revenue stream for Ethena tied to EtherFi's deposit base of more than $300 million and its neobank footprint. The commercial role extends beyond providing technology: Ethena operates the reserve and issuance functions behind another platform's stablecoin. This gives EtherFi a branded product while placing the underlying operation with Ethena, expanding Ethena's stablecoin-as-a-service business through an established platform rather than a separate consumer-facing launch.EtherFi is launching their own stablecoin, powered by Ethena Whitelabel. has >$300m of stablecoin deposits held across their platform. Reserves, mint and redeem, & compliance for USD will be managed end to end by Ethena.Since launching their…