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 Monad hires former FalconX, BVNK and Optimism executives February 17, 2026 Bitcoin experiencing “shakeout” not end of 4-year cycle: analysts March 16, 2025 Fear returns to the crypto market as $230B vanishes overnight October 17, 2025