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![Klintoo Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::92149321.png) Klintoshi [@Klintoo](/creator/twitter/Klintoo) on x XXX followers
Created: 2025-07-19 18:24:49 UTC

With the Genius Act now signed, the stablecoin landscape is shifting.

Ethena ( $ENA ) front-ran the regulatory paradigm shift. While other stables will adapt, $USDe is already playing a different game — it’s engineered through delta-neutral $ETH strategies (LSTs + short perps).

Each mint reflects structured institutional flows: 
long staked ETH, hedged on CEX (for now)  — yield without exposure.

USDe is non-custodial, permissionless, and untied to banks or fiat reserves.
$ENA might be the first DeFi primitive designed to endure regulation.

It’s not a stablecoin — it’s infrastructure. 
Connect the dots.

![](https://pbs.twimg.com/media/GwPXu7sW8AABgOY.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946637366896242902/c:line.svg)

**Related Topics**
[usde](/topic/usde)
[ena](/topic/ena)
[cex](/topic/cex)
[mint](/topic/mint)
[$eth](/topic/$eth)
[playing](/topic/playing)
[$usde](/topic/$usde)
[coins stablecoin](/topic/coins-stablecoin)

[Post Link](https://x.com/Klintoo/status/1946637366896242902)