Ethena’s USDe Contracts as Dollar Stablecoins Hit Supply Milestones

USDe, Ethena’s synthetic-dollar stablecoin, has seen a sharp fall in its monthly supply as most of its counterparts attracted billions in inflows. The token also registered declines on some of its other metrics, including token redemption. Notably, the general stablecoin market appears to be experiencing meteoric growth at this time Are USDe Users Selling Their Stablecoin Holdings? From a market capitalization of $9.3 billion on November 1 to $7.1 billion on November 30, USDe may just have had one of its ...