Ethena, the company behind the third-largest stablecoin USDe, is scaling up its operations with a major hiring push. Co-founder Guy Young announced that the team will grow by approximately 50%, marking the project’s most significant expansion since launch.
In a post shared on X, Young revealed that Ethena is opening around 10 new roles across engineering and product development to support two entirely new business lines. This represents a meaningful shift for the startup, which has maintained a steady team of around 20–25 contributors over the past two years.
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 Young, both upcoming products are set to debut within the next three months and “have the potential to be the size of USDe.” The new initiatives aim to complement Ethena’s existing synthetic dollar products, including USDe and USDTb, expanding its reach within the growing stablecoin and yield-bearing asset market.
The move signals Ethena’s continued momentum following a turbulent year for synthetic dollar protocols. After stabilizing operations and regaining market confidence, the company now appears to be entering an aggressive growth phase, one focused on innovation, scalability, and broader DeFi integration.
