Ethena Labs to hire 10 new team members and launch two new products within three months, co-founder Guy Young confirms.
Ethena Labs, the company behind the USDe stablecoin, is preparing to release two new products while expanding its team.
The move comes as the company aims to strengthen its position in the decentralized finance (DeFi) sector. Co-founder Guy Young announced the updates in a post on X on Monday.
Hiring for Key Roles Across Product and Engineering
Ethena Labs is planning to hire around 10 new team members in the coming weeks. The new positions will increase the company’s workforce by 40% to 50%. Ethena currently has around 20 to 25 contributors, and this is the first major hiring round in over two years.
Guy Young, who also goes by gdog97_ online, stated, “We are expanding the team meaningfully for the first time with 10 new roles across engineering and product for two entirely new business lines and products.”
Ethena has stayed roughly flat at ~20-25 contributors for the last 2 years.
We are expanding the team meaningfully for the first time with 10 new roles across engineering and product for two entirely new business lines and products launching in the next ~3 months.
Both of these…
— G | Ethena (@gdog97_) October 20, 2025
According to Ethena’s job listings, the company is hiring engineers in backend, trading, and security. It is also looking for a product designer, a head of security, and a business development associate. The roles are expected to support the new products while maintaining the current USDe and USDtb offerings.
New Products to Complement USDe and USDtb
Ethena is developing two new products that will work alongside its existing stablecoin-like assets, USDe and USDtb.
The company expects to launch them within the next three months. Although exact details about the products are not public, Young said both new offerings have the potential to match the scale of USDe.
Ethena has stayed roughly flat at ~20-25 contributors for the last 2 years.
We are expanding the team meaningfully for the first time with 10 new roles across engineering and product for two entirely new business lines and products launching in the next ~3 months.
Both of these…
— G | Ethena (@gdog97_) October 20, 2025
USDe is currently the third-largest stablecoin by supply and has seen growing adoption in the DeFi space. Young’s statement suggests the company is aiming to create products that will support further growth and adoption.
One recent development includes a partnership with Jupiter, a major Solana protocol.
Jupiter will use Ethena’s whitelisting service to launch its own stablecoin, JupUSD. This collaboration could further expand the utility of Ethena’s existing and future products.
Backed by Major Industry Investors
Ethena Labs continues to attract strong backing from well-known investors in the crypto industry.
In September, M2 Capital, a digital asset firm from the UAE, joined the list of Ethena’s supporters. Other backers include Binance Labs, Dragonfly, Bybit, Fidelity, and Franklin Templeton.
Since its launch, Ethena has focused on creating synthetic dollar assets that maintain their value without relying on traditional banking systems. The company’s latest hiring round and product development efforts indicate a plan to grow its presence in the DeFi space.
As Ethena prepares for its next phase, the added talent and upcoming releases could help the startup expand its services and reach new users.
The post Crypto News Today: Ethena Prepares to Launch Two New Products and Expand Its Team appeared first on Live Bitcoin News.