According to PANews, MakerDAO is reportedly considering allocating $600 million worth of its stablecoin DAI to USDe and its collateralized version sUSDe. The operation would be carried out through the DeFi lending protocol Morpho Labs. USDe and sUSDe are both issued by stablecoin developer Ethena Labs.
If the proposal is approved by the MakerDAO community, it could help Ethena's total locked value (TLV) grow to meet internal expectations. Currently, the supply of USDe has reached 1.34 billion, accounting for 1.74% of the total Ethereum stablecoin supply.