Crypto:
36638
Bitcoin:
$91.393
% 1.65
BTC Dominance:
%58.6
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Market Cap:
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% 1.94
Fear & Greed:
28 / 100
Bitcoin:
$ 91.393
BTC Dominance:
% 58.6
Market Cap:
$3.11 T

Ethena Labs Pushes USDe Stablecoin Supply to Record $12 Billion

ethena

Ethena Labs announced that USDe stablecoin supply reached $12 billion, setting an all-time high. This milestone signals strong growth in the DeFi ecosystem and optimism across markets. 

USDe Stablecoin Supply and Market Impact 

Ethena Labs rapidly increased USDe supply from $10 billion to $12 billion. This growth represents a 75% rise within a single month. Consequently, USDe became the third-largest stablecoin in the market. Meanwhile, the use of stablecoins in DeFi continues to expand, and investors are increasingly seeking delta-neutral strategies with attractive APY. Furthermore, institutional partners such as Anchorage Digital enhanced trust by offering extended custody solutions. As a result, transaction volumes and liquidity in decentralized finance have strengthened. 

Analysts emphasize that Ethena Labs’ strategy to integrate USDe across 24 blockchains acts as a catalyst for liquidity and compliance in DeFi. Additionally, market reactions and community sentiment reflect growing optimism. The rapid rise of USDe directly increases investor interest and highlights its potential for broader adoption in the sector. 

Historical Context and Market Data 

According to CoinMarketCap, Ethereum trades at $4,784.54, supporting a market cap of $577.53 billion and 14.42% dominance. In the past 24 hours, ETH price rose 2.18%, contributing to market engagement. However, daily trading volume declined 56.29% to $33.52 billion. 

USDe growth has improved both DeFi yields and stability. This trend also paves the way for scalable solutions and technological improvements within the stablecoin sector. Moreover, regulatory oversight may increase, yet the market demonstrates a clear growth trajectory. 

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What Is Ethena USDe (USDe)?

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