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Ethena Labs Expands Team by 50% Ahead of Dual Product Launch

Ethena Labs Expands Team by 50% Ahead of Dual Product Launch

Author:

Global Cryptocurrency

Published:

2025-10-21 07:29:02

21

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BTCCSquare news:

Ethena Labs, the creator of synthetic dollar stablecoin USDe, is undergoing its first significant team expansion in two years. The firm plans to add approximately 10 new hires across engineering and product roles, increasing its workforce by 40-50%. This growth comes as the company prepares to launch two new business lines within the next quarter.

Co-founder Guy Young revealed the expansion via social media, emphasizing that the new products will match USDe's scale. Key openings include backend engineers, DeFi specialists, and security experts—roles critical for maintaining Ethena's position in the competitive stablecoin market. The current team of 20-25 contributors will now support three parallel product verticals.

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