Ethena brings USDe to Tydro with a $200 million supply cap opening November 14

The synthetic dollar's new capacity on the Kraken-incubated Ink network will enable isolated borrowing against USDT0 Ethena ’s synthetic dollar, USDe, has launched on Tydro. A $200 million supply cap is set to open on November 14, 2026. The timing is precise: approximately 6:30 p.m. ET, or 23:23:56 UTC. Once the cap goes live, USDe deposits on Tydro will enable isolated borrowing against USDT0. Tydro is a non-custodial lending protocol. Under the hood, it is a white-label deployment of Aave v3. That neighborhood is Ink, a Layer 2 blockchain developed by the Kraken team. The new piece is the $200 million supply cap for USDe. A supply cap sets a ceiling on how much of a given asset can be deposited into a lending market.

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