Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand

Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand

Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions.

Share it :

Leave a Reply

Your email address will not be published. Required fields are marked *