- Ethena selects Coinbase Prime for custody, USDC, and self-custodial wallet services to enhance its protocol.
- Ethena integrates the Coinbase Prime Web3 Wallet to streamline minting and redemption processes within its Ethereum-based protocol.
Ethena, known as the first on-chain synthetic dollar mechanism based on Ethereum, has chosen Coinbase Prime to handle critical portions of its operations.
In this agreement, Coinbase Prime will provide custody services, USDC access, and self-custodial wallet solutions for Ethena’s protocol. This agreement is expected to improve Ethena’s operational efficiency, notably in the minting and redeeming procedures.
The Ethena Foundation and @ethena_labs – the teams behind the first onchain synthetic dollar protocol built on Ethereum – select Coinbase Prime to provide custody and self-custodial wallet services for their protocol via a multi-product agreement. 👇🏼https://t.co/3yciAAlZJj…
