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Crypto Jul 11, 2025
Ethena rockets to $290 million in revenue, seeks SEC clarity on USDe

The protocol was the second-fastest to reach $100 million in revenue, but its main product is still in a regulatory gray area in the US.

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Stacks of digital coins with the Ethena logo are depicted against the backdrop of the U.S. Capitol building - Cover art/illustration via CryptoSlate.

Gino Matos Gino Matos has published within the past 30 days.

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