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

The role of the ENA currency is as a governance token, meaning that its holders have the right to participate in managing the protocol and making decisions related to its future. They can vote on important proposals concerning development or changes in the system or any other strategic decisions. Essentially, Ethena aims through its USDe currency to provide an alternative solution for digital money that can be stable and scalable without relying on the traditional banking system, thus opening the door to a true decentralized financial system.