Ethena Releases Monthly Report for September

Name: September Report
Start: 2025-10-02T00:00:00Z
End: 2025-10-03T00:00:00Z

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Ethena Labs highlighted strong growth in September, with USDe and USDTb TVL surpassing $16 billion and USDe supply reaching $14.5 billion. The project partnered with Binance, scaling USDe to $3 billion in a week across its 280M+ user platform. Ethena also integrated USDe on Plasma as a core dollar asset, listing on Kraken as its first US exchange and Coinone as the first Korean exchange. Additionally, ENA was listed on OKX, while USDe and sUSDe expanded to Avalanche, Folks Finance, and Re. The team launched USDm with Megaeth Labs and suiUSDe/USDi with SuiNetwork, further broadening its stablecoin-as-a-service stack.

Event date: October 2, 2025 UTC

Ethena Labs
@ethena_labs

Here's what happened Ethena Labs in September:

• USDe & USDtb TVL crossed $16B, with USDe supply hitting $14.5B

• Partnered with Binance to integrate USDe across entire platform of 280M+ users, $190B+ assets, scaled to $3B USDe in a week

• Ethena launched on PlasmaFDN as

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