6 alternatives to Ethena
Other crypto-backed stablecoins in the register, ordered by verification and size. Ethena itself is of undisclosed headquarters and was founded in 2023.
REG 00243
Sky
Crypto-backed Stablecoins
Not disclosed
2015
Listed
Protocol behind USDS and DAI, formerly MakerDAO
REG 00538
fx Protocol
Crypto-backed Stablecoins
Not disclosed
—
Listed
Dual-token stablecoin on Ethereum
REG 00710
MoneyOnChain
Crypto-backed Stablecoins
Not disclosed
—
Listed
Dual-token stablecoin on RSK
REG 00715
RIF ON CHAIN
Crypto-backed Stablecoins
Not disclosed
—
Listed
Dual-token stablecoin on RSK
REG 00838
Mento
Crypto-backed Stablecoins
Not disclosed
—
Listed
Algorithmic stablecoin across 4 chains
Ordering is mechanical: verified entries first, then by value locked or size where public data exists. Sponsorship does not affect this list.