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Ethena's governance is debating a proposal to use revenue from its USDe stablecoin to fund buybacks of the native ENA token.
The Ethena (ENA) token reached an all-time low on January 31, 2026, as on-chain data revealed less than 10% of its supply remains in profit.
On January 29, 2026, Berachain approved Ethena's synthetic dollar, USDe, as an official collateral asset for its native HONEY stablecoin.
Cryptocurrency exchange Huobi HTX listed Ethena's USDe, a delta-neutral synthetic dollar, to expand its decentralized finance product offerings.