According to Odaily, Ethena founder Guy Young has reported a significant increase in the supply of USDe last month, despite a sluggish market. The supply of USDe, a stablecoin, rose by 1 billion.
The sUSDe, which is the interest-bearing stablecoin after USDe is pledged, currently offers the highest yield among dollar stablecoins in the market. Its scale has now surpassed the total of the entire RWA tokenized national debt market.
This development indicates a growing interest and trust in stablecoins, even in a less than favorable market environment. The rise in the supply of USDe and the success of sUSDe highlight the potential of stablecoins in the financial market.
However, it is important to note that the market conditions can change rapidly, and the performance of these stablecoins should be monitored closely. Despite the current success, the future of USDe and sUSDe in the market remains uncertain.