BNB Joins USDe’s Backing, XRP and HYPE Next in Line
The team behind Ethena’s USDe, the third-largest stablecoin by market cap, has now opened the door for BNB to be used as collateral. The group also hinted that XRP and…
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Stablecoin Frenzy: USDE Nears $6B as USD0 Rockets Past $1B in Market Supply
Over the past month, the stablecoin market has swelled over $200 billion, and two fiat-backed tokens have experienced eye-catching expansions. Ethena’s yield-generating stablecoin, USDE, has grown rapidly, now approaching 6…
Yield Chasers Propel Ethena’s USDE to $4.12B Market Cap in the Bull Market Frenzy
Based on current data, the stablecoin market has seen a notable expansion. This week, Ethena’s yield-bearing token, USDE, has reached a peak valuation of over $4.12 billion. Ethena’s USDE Tops…
Arthur Hayes Calls out ‘Dumb Dumbs’ Settling for Less, Promotes USDE’s 29% APY
On the heels of Coinbase revealing that Coinbase Wallet users holding USDC can now earn a 4.7% annual percentage yield (APY), Arthur Hayes hopped on social media to highlight the…
The Big Role Ethena’s USDE Could Play in Hyperliquid’s Upcoming Mainnet
Ethena has proposed integrating its liquidity and hedging engine into Hyperliquid, a layer one (L1) blockchain set to launch its EVM mainnet. The proposal includes adding USDE, Ethena’s stablecoin, within…
Stablecoin Market Adds $1B in Six Days as Major Tokens Expand
In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin…
Fiat-Pegged Crypto Market Expands by $1.39B in Past Week, Led by USDT and USDC
Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last…
USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead
Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena’s…
Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months
Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market…
Ethena Labs Expands USDE to Solana, Reveals Gradual SOL Integration
On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL…