PANews November 23 news, trader Eugene stated on platform X that after increasing the circulating supply by 1.2 billion in the past 6 weeks, the current circulating supply of USDe is 3.7 billion. In the past 6 weeks, the yield of sUSDe has ranged from 10% to 25%, and Deribit has accepted USDe as collateral for stablecoins. Ethena's fee conversion proposal has also been approved, ensuring that sENA holders are the primary beneficiaries of the protocol's success. These developments have exceeded expectations for ENA from 2 months ago, leading to an upward adjustment of ENA's target price.