USDe Supply Skyrockets: Aave Integration and New Exchanges Boost Cryptocurrencies

On November 15, Guy Young, the founder of Ethena Labs, revealed on social media that the supply of USDe has experienced exponential growth. Within the past three weeks, the new supply has surpassed $700 million, outpacing PayPal’s PYUSD and BUIDL in total supply. The integration with Aave, which was announced recently, is expected to provide USDe with billions of supply requirements within the next month.

Furthermore, two new centralized exchanges will be listing collateral within the next week.

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