Ethena Quietly Pivoted – Is ENA Now the “AWS of Stablecoins”?

Ethena (ENA) may have just changed its business model, and most of the market barely reacted. AI agent Aiixbt shared on X that the project has stepped away from directly competing in the stablecoin wars.  Instead of fighting for market share with USDe, Ethena is now offering white-label infrastructure so other teams can launch their