Arthur Hayes Buys 2 Million Ethena Tokens Worth $1.06 Million After Anchorage Partnership
WikiBit 2025-07-25 22:13
TLDR Arthur Hayes purchased 2.16 million ENA tokens worth $1.06 million following Ethena’s partnership with Anchorage Digital Hayes now holds 7.76
The Ethena-Anchorage partnership focuses on developing payment solutions. The companies will create a GENIUS-compliant stablecoin to expand USDtb adoption.
USDtb currently operates as a payment-focused stablecoin. It is backed primarily by traditional financial assets rather than cryptocurrencies.
The stablecoin‘s market capitalization has reached $1.4 billion. Of this total, $1.1 billion is held in BlackRock’s BUIDL tokenized fund.
The remaining balance consists mainly of USDC holdings. Total reserves slightly exceed the circulating supply of USDtb tokens.
President Donald Trump signed the GENIUS Act into law last week. The legislation has prompted institutions to compete for stablecoin market share.
ENA has shown strong performance beyond the daily gains. The token is up 25% over the past week and 86% on the monthly chart.
The post Arthur Hayes Buys 2 Million Ethena Tokens Worth $1.06 Million After Anchorage Partnership appeared first on Blockonomi.
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