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

Based connected the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a melodramatic contraction successful proviso since July 4, 2024. Over the span of little than 2 months, its marketplace capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets arsenic Competition Heats Up From Aug. 23 to Aug. 30, the stablecoin system expanded from […]