$ENA The digital currency with the Ethena protocol is a project built on it that aims to provide a decentralized stablecoin called USDe. Unlike traditional stablecoins such as USDT or USDC, which rely on the US dollar as collateral, the USDe is an (artificial dollar) not linked to fiat currencies but relies on crypto assets and short-term futures as collateral. This means that its value is stable thanks to a complex financial strategy known as "delta hedging," which aims to reduce the risks of price fluctuations.