According to PANews, stablecoin project Ethena Labs has generated over $4 million for its USDe treasury in less than two weeks since its launch. The company's growth director, MacroMate8, stated that after paying users, the project can retain $4 million in funds, increasing the treasury's total funds from nearly $12 million to over $16 million. These earnings have made Ethena the third-largest source of income in the crypto market, trailing only Tron and Ethereum blockchains.

Ethena Labs' rapid success highlights the growing demand for stablecoins in the cryptocurrency market. As more investors and users seek stable digital assets, projects like Ethena Labs are well-positioned to capitalize on this trend. The company's ability to generate significant revenue in such a short period demonstrates the potential for stablecoin projects to become major players in the crypto space.