Ethena Labs is integrating its Stablecoin-as-a-Service infrastructure with Caldera, a platform that allows developers to build and deploy their own rollups. The partnership gives developers in Caldera's ecosystem the ability to launch their own native stablecoins from day one, backed by Ethena's ~$14 billion in liquidity.

This collaboration significantly enhances the value proposition for builders using Caldera's toolkit. By integrating Ethena's stablecoin module, new rollups can immediately incorporate a liquid, an interoperable, and a rewards-bearing stablecoin. This removes a major hurdle for new blockchain ecosystems, which often struggle to establish a reliable and liquid native currency.

The partnership also offers flexibility, allowing partnered Caldera rollups to choose between USDe and USDtb as the backing asset for their stablecoins. The announcement signals a deepening trend of infrastructure providers offering “Stablecoin-as-a-Service” solutions, enabling faster and more robust development within the broader on-chain economy.