$ENA The digital currency with the Ethena protocol is a project built on it and aims to provide a decentralized stablecoin called USDe. Unlike traditional stablecoins like USDT or USDC that rely on the US dollar as collateral, the USDe is (synthetic dollar) not tied to fiat currencies but relies on crypto assets and short-term futures as collateral. This means that its value is stable thanks to a complex financial strategy known as "Delta hedging" that aims to reduce the risks of price fluctuations.