Ethena to Expand Team by 50% Ahead of Two Major Product Launches

TLDR

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Ethena is expanding its team by approximately 50 percent with 10 new job openings.
The new hires will support the development of two upcoming products expected to match USDe in scale.
The company has maintained a team size of around 20 to 25 members for the last two years.
Roles include positions in backend engineering, DeFi, trading, product design, and security.
The new products are expected to launch within the next three months.

Ethena plans a major hiring round to support its upcoming product launches and team growth. The company aims to expand its team by 50%, targeting about 10 new roles. These positions will focus on engineering, security, and business development.

Ethena Targets Growth After Years of Steady Team Size

Ethena has operated with a lean team of 20–25 contributors over the past two years, according to co-founder Guy Young. However, the company now seeks to increase its workforce meaningfully to support two new product lines. Young stated,

“We are expanding the team meaningfully for the first time with 10 new roles.”

The team’s growth will help accelerate development and scale new offerings expected to match USDe in impact. Ethena’s hiring push includes roles in backend engineering, DeFi, trading, and product design. This move comes as the platform prepares to introduce two new stablecoin-related products within the next three months.

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

These new roles reflect Ethena’s commitment to advancing its product suite while maintaining strong development capabilities. The company emphasizes engineering talent and product expertise to drive both innovation and security. Ethena’s job board also lists a head of security and a business development associate.

New Products Poised to Match USDe in Scope

Ethena plans to launch two major products designed to complement its current stablecoins, USDe and USDtb. Young noted both initiatives “have the potential to be the size of USDe.” These products are expected to go live in the next quarter.

The upcoming launches represent the largest product expansion since Ethena introduced its USDe synthetic dollar. The company also supports USDtb, which extends its stablecoin offering and utility across platforms. Ethena will continue focusing on product-led growth in the stablecoin market.

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