Ethena Labs has entered the stablecoin market with its new Ethena USDe (USDe). This comes after the market has long been dominated by Tether (USDT) and USD Coin (USDC).

As Arthur Hayes, co-founder of BitMEX, noted, USDe has been growing significantly, forcing big names like USDC issuer Circle to take notice. Ethena Labs' aggressive entry into the stablecoin arena suggests that a shake-up could be in store for the market.$ENA $XRP $FTM