USDe supply surges 75% in the past month

Source
Uk Jin

Summary

  • Wu Blockchain reported that the supply of USDe surged 75% in the past month, reaching $9.3 billion.
  • As a result, USDe has become the third largest stablecoin by market capitalization, following Tether (USDT) and USDC.
  • During this same period, Ethena’s price also soared 141.64%, drawing strong investor attention.

The supply of Ethena (ENA)'s stablecoin (a cryptocurrency pegged to fiat currency in value), USDe, has surged sharply.

On the 4th (KST), Wu Blockchain cited data from DeFiLlama, reporting that the supply of USDe has soared 75% over the past month to reach $9.3 billion.

With this, USDe has become the third largest stablecoin by market capitalization, following Tether (USDT) and USDC.

Ethena’s price increase during the same period is also noteworthy. As of 12:56 PM today, Ethena is trading at $0.6155, which represents a remarkable 141.64% jump from the previous month.

publisher img

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
What did you think of the article you just read?