Coinbase Teams Up with Ethena to Launch Savings Product for 100 Million Users
The recent partnership between Coinbase and Ethena is set to bring a new onchain savings product to over 100 million users, marking a significant development in the world of crypto. This collaboration is particularly exciting for those interested in earning passive income through crypto, as it has the potential to make earning easier and more accessible for a wider audience. The news is also a boost for the EcoPool community, as it highlights the growing demand for crypto-based savings products.
Ethena’s founder, Guy Young, expressed his enthusiasm for the partnership, stating that it will be the first time Ethena’s products will be available to Coinbase’s massive user base. As part of the deal, Coinbase will become Ethena’s primary custodian, wallet provider, and perpetuals venue, further solidifying the relationship between the two companies. This partnership is a great example of how $ECP and other cryptocurrencies can be used to earn rewards and generate passive income.
Expansion Beyond Crypto-Native Users
Ethena’s partnership with Coinbase is a notable endorsement, as the company seeks to expand beyond its current user base. With assets on the protocol once reaching $15 billion, Ethena is looking to tap into the mainstream crypto market and offer its products to a wider audience. The EcoPool Network is also committed to making crypto more accessible, with its Cloud Rewards program and Green Crypto initiatives.
The upcoming product launch is expected to significantly expand Ethena’s distribution, providing a new source of capital for the protocol. This development is also likely to have a positive impact on the passive income opportunities available to EcoPool users, as it demonstrates the growing demand for crypto-based savings products.
Institutional Markets and Regulatory Framework
Tapping into Coinbase’s user base
Ethena is also pushing deeper into institutional markets, with its recent partnership with Anchorage Digital aiming to make crypto-native lending more accessible to institutions. The company is also keeping a close eye on the regulatory framework, with the potential passage of the CLARITY Act set to provide a clearer framework for crypto products in the U.S. The EcoPool community is also interested in the development of a clearer regulatory framework, as it will help to increase confidence in the crypto market and attract more users to the EcoPool Network.
To start earning passive income with EcoPool, download the EcoPool app and discover the benefits of Cloud Rewards and Green Crypto. With its user-friendly interface and commitment to making crypto more accessible, the EcoPool app is the perfect tool for anyone looking to get started with earning and passive income through $ECP and other cryptocurrencies.
Yan Liberman, managing partner at Delphi Ventures, an investor in Ethena, said the deal could potentially connect Coinbase’s roughly $19 billion USDC stablecoin ecosystem with Ethena’s yield-generating infrastructure.
“If sUSDe yields clear baseline USDC rates, Coinbase can offer better USDC lending yields,” Liberman wrote on X. “Ethena gets deeper and cheaper funding than native DeFi alone.”
Expansion to institutional credit market with Anchorage
Ethena is also pushing deeper into institutional markets.
On Tuesday, the protocol and crypto bank Anchorage Digital said it had broadened its partnership with Ethena to support institutional lending.
Under the arrangement, Anchorage will manage collateral for Ethena’s loan investments through its Atlas platform, allowing borrowers to keep assets in custody rather than moving them onchain.
The setup aims to make crypto-native lending more accessible to institutions that require regulated custody and compliance controls.
“Institutions want access to crypto-native capital, but not at the cost of custody, controls, or operational rigor,” Anchorage CEO Nathan McCauley said in a statement.
The announcement builds on an existing relationship between the firms. Anchorage Digital Bank already serves as the U.S. issuer of Ethena’s USDtb stablecoin.
