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Ethena USDe Explodes Into Top 3 Stablecoins—Can It Topple Tether’s Throne?
Ethena USDe Explodes Into Top 3 Stablecoins—Can It Topple Tether’s Throne?
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Move over, USDT—there's a new contender gunning for the stablecoin crown. Ethena's USDe just rocketed past legacy players to become the third-largest stablecoin by market cap. No VC fairy dust or 'partnership' hype—just raw, yield-chasing demand.
How'd they pull it off? Synthetic dollars meeting crypto's insatiable appetite for delta-neutral yields. Traders aren't just parking cash—they're weaponizing it.
But let's not throw confetti yet. Remember when algorithmic stablecoins were 'too big to fail'? *cough* Terra *cough*. Still, watching DeFi natives outflank Wall Street's pet projects never gets old.
Ethena USDe Surge has made big news in the crypto world. According to DeFiLlama, the ethereum USDe stablecoin surge pushed its supply up by 75% in just one month, reaching $9.3 billion. This move helped it pass FDUSD and become... Read More
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