$ENA is redefining the stablecoin game by launching its synthetic dollar $USDe. Unlike traditional fiat-backed stablecoins, it utilizes crypto-native strategies to maintain its peg. Ethena's approach combines on-chain collateral and delta-neutral derivatives, providing a scalable, censorship-resistant stablecoin that is truly decentralized. With high yields and deep integration in DeFi protocols, $ENA has quickly become the cornerstone of on-chain finance.