Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand Post author:MiamiCrypto Post published:December 3, 2025 Post category:Uncategorized 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. You Might Also Like Bitcoin grabs $106K liquidity as whale longs BTC with $255M June 20, 2025 Rare Binance Bitcoin bottom signal fires: Will bulls or bears benefit? September 4, 2025 Nasdaq-listed Helius announces $500M funding for Solana treasury September 15, 2025