According to BlockBeats, on November 15, Guy Young, founder of Ethena Labs, said on the social platform that the supply of USDe began to show parabolic growth, with new supply exceeding US$700 million in the past three weeks, exceeding the total supply of PayPal's PYUSD or BUIDL.

The Aave integration announced today is expected to provide billions of dollars in supply demand for USDe within the next month. In addition, collateral listings on two new centralized exchanges will be launched within the next week.