Have you heard of the #USDe stablecoin, launched by #Ethena? 🚀
Ethena is a relatively new protocol in the ecosystem building a new #stablecoin infrastructure, recently launching USDe. ✅
USDe is an #Ethereum-based stablecoin secured by derivatives, achieving price stability via delta-neutral hedging across both centralized & decentralized venues. 🌐 USDe already has a circulating supply of c.$780m (source: CMC), with its TVL Surpasses $700 Million, reporting a whooping 63.9% Increase in 7 Days (source: DeFiLlama).
While there has been some concerns over USDe's promises of high staking yields, the general community still seems excited about the overall launch - with data showing growing demand in the stablecoin space, potentially attributed to USDe's launch. 📈
What are your thoughts on the hype surrounding USDe? Discuss below. 🙂⬇️
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