Ethena Stablecoin Nears $6B Market Cap, Tops $250M in Revenue
Submitted by Anonymous (not verified) on Fri, 01/10/2025 - 22:40
USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It’s a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg with the U.S. dollar. USDE is Quietly Leading the Niche Stablecoin Market The $212 billion stablecoin market is currently dominated by Tether (USDT) and USDC, but a new entrant has quietly […]