The financial infrastructure company is stepping into the stablecoin arena, allowing users to hold stablecoins and send funds via crypto or fiat rails.

The SNS airdrop will distribute 20% of the SNS supply to early supporters, with an additional 20% reserved for participants in the upcoming “LFG Campaign.”

The move comes as the value of tokenized real-world assets tops $22 billion.

Ethena’s USDe synthetic dollar is live on Hyperliquid’s Hypercore, HyperEVM, and Unit.

Once at $44 billion, decentralized exchange liquidity on Ethereum now stands at just $5 billion.

The developer, who previously went by Gabagool.eth, worked for the Base-backed AI launchpad under the pseudonym ProxyStudio.

TON Foundation’s CEO said the project wants "to make crypto as easy and as simple as sending a text."

The decentralized trading interface and DeFi hub generated almost $2 million in the last 24 hours, flipping pump.fun and Hyperliquid.

The top DeFi lending protocol’s program will reward SyrupUSDC depositors, and will take place over the month of May.