$USDT, $USDC, and $USDe dominate stablecoins as total market cap reaches $317.4B which highlights strong adoption and growing role across crypto markets.
TL;DR USDe saw about $8.3B in net outflows after Oct. 10, with market cap dropping from nearly $14.7B to about $6.4B. USDe briefly depegged to $0.65 on Binance; Ethena’s Guy Young blamed an exchange oracle issue and said $2B was redeemed in 24...
Ethena’s synthetic stablecoin USDe has seen its market cap cut almost in half since the Oct. 10 crash, as investors retreat from leveraged and synthetic collateral models.
Ethena Labs has strengthened its partnership with Anchorage to offer direct rewards for USDtb and USDe without staking or lockup requirements, a feature designed for institutions operating within regulated U.S. infrastructure. The agreement is set...
Anchorage and Ethena Labs have teamed up to introduce in-platform rewards for USDtb and USDe users, but USDtb’s market cap has fallen 22%.
The post Ethena Labs and Anchorage Partner to Reward USDtb and USDe Holders appeared first on Coinspeaker.
Ethena (ENA) price rises as 21Shares launches Ethena and Morpho ETPs in Europe. Technical analysis shows improving short-term momentum for ENA. USDe supply contraction, however, poses risks to Ethena’s ecosystem. Ethena (ENA) continues to draw...
TL;DR: USDe fell 24% in November after $2.2 billion in redemptions. USDT, USDC, PYUSD, and RLUSD added billions, reinforcing the dominance of fiat-backed stablecoins. The October depeg preceded the drop, even though Ethena claimed the backing...
USDe has seen some of its core growth metrics contract in comparison to its counterparts in the stablecoin ecosystem.
The post Ethena’s USDe Contracts as Dollar Stablecoins Hit Supply Milestones appeared first on Coinspeaker.
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