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The supply of Ethena's USDe stablecoin has surged by approximately 47.45% over the past month, reaching a record high of $3.75 billion. On November 21, the stablecoin saw an inflow of around $119 million, marking its highest single-day inflow since mid-April. Additionally, the sUSDe staking rate climbed to 68.4%, its highest level since mid-to-late February this year.