USDe's ascent to the third-largest stablecoin position reflects its growing adoption and the dynamic nature of the stablecoin sector, driven by factors like user preference and technological advancements.
According to BlockBeats, recent data from Defillama reveals that the market capitalization of USDe has reached $4.763 billion. This significant milestone allows USDe to surpass DAI, positioning it as the third-largest stablecoin in the market.
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