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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…

Continue ReadingUSDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead

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…

Continue ReadingEthena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months

Ethena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD

This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $3 billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds…

Continue ReadingEthena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD