Ethena expanded stablecoin adoption through Maple partnership, Coinbase Earn integration, and CEX listings while surpassing $750M in cumulative rewards payouts.

DeFi & Yields · 2026-08-12

Ethena reached over $750 million in cumulative rewards payouts as it expanded institutional adoption through Maple Finance integrating its USDtb stablecoin into a $400 million liquidity buffer, Coinbase's earn product crossing $300 million in assets, and new exchange listings on Gate and Bybit that enabled free USDe minting and redemption. The protocol also launched across Robinhood's blockchain and Monad, where USDe collateral on Aave earned promotional yields, while multiple investment firms accumulated ENA token positions in recent weeks.

Previously on Telem

Crypto spot trading volume drops 21.7% to $429B in July 2026-08-11
Maple Finance adopts Ethena USDtb stablecoin for $400M buffer 2026-08-06
DeFi shifts to real-world yields, tokenized RWAs reach $36.7B 2026-08-04
Meridian MLP vault launches on Robinhood Chain with $1M deposit cap 2026-07-30
Coinbase launches Deribit matching engine processing 100k orders per second 2026-08-12