šļ½What is the difference between USDT and ENAās USDEā
šUSDe is achieved by hedging the pledged Ethereum collateral, which means it is based on the cryptocurrency Ethereum and is not directly pegged to the U.S. dollar asset
š»Core mechanism: Buy spot ETH for pledge, and then use the pledged stETH to short an equal amount of ETH contracts, thereby locking in the value of the asset and balancing the seesaw on both sides of the asset and the stablecoin.