The stablecoin market has surged

The stablecoin market has surged to over $200 billion in value, with two fiat-backed tokens experiencing significant growth. Ethena’s yield-generating stablecoin, USDE, has expanded rapidly to nearly 6 billion in supply, while Usual’s USD0 supply has crossed the 1 billion mark. This expansion by these two tokens has shaken up the broader stablecoin market.

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