Pendle: sUSDe deposit hard cap rises to $400 million in July
According to the latest data disclosed by Pendle's platform, Ethena Labs' stablecoin sUSDe deposit hard cap has been raised to $400 million in July 2024. Currently, the indicator has reached $371 million, just one step away from the hard cap. This dynamic not only reflects the popularity of sUSDe in the market, but also reflects investors' trust and demand for stablecoins.
With the increase in the hard cap, Ethena Labs may continue to expand its stablecoin project to attract more funds and users. This expansion will not only help increase the influence of the project, but may also promote the development of other stablecoin projects in the market.
The innovation and development of Pendle and Ethena Labs in the field of stablecoins are worthy of reference and learning from other projects. Through continuous optimization and improvement, sUSDe is expected to continue to lead the development trend of the stablecoin market in the future.
