Ethena launches USDe-based yield product with Coinbase

Ethena (ENA) announced on X that it has partnered with Coinbase to launch a high-yield vault based on USDe. The product is a stablecoin yield vault provided by SteakhouseFi that utilizes MORPHO-based USDe. It is directly integrated into the Coinbase app and is available to global users, including those in the United States.