Select what genuinely interests you. Your picks feed directly into our editorial planning. ether.fi is getting its own dollar, and Ethena will build and run it. Both sides announced on October 6, 2026 that the ether.fi USD stablecoin will be issued on Ethena's whitelabel platform: ether.fi keeps the brand and the distribution, while Ethena takes on reserves, issuance, redemption and compliance. The news did nothing for the price this week. Ethena traded at $0.2156 on Friday, 11.6 percent below its level seven days earlier, according to CoinGecko as of 3pm Friday.