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

    • Post author:MiamiCrypto
    • Post published:December 3, 2025
    • Post category:Uncategorized

    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.

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