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The supply of Ethena’s USDe stablecoin has increased by around 47.45% over the past month, reaching a record high of $3.75 billion. On November 21, the stablecoin saw inflows of around $119 million, its highest single-day inflow since mid-April. Additionally, the USDe staking rate has risen to 68.4%, its highest level since mid-to-late February of this year.