USDe Stablecoin Issued by Ethena Labs Hits 360 Million Issues
On July 2, according to data, the stablecoin USDe, issued by Ethena Labs, has reached 3,605,138,764.1 units in circulation. USDe is an ethereum-based stablecoin, secured by derivatives, that achieves price stability through "delta-neutrality" hedging in both centralized and decentralized venues. To create USDe, Ethena allows users to use USD, ETH or liquidity pledge tokens as collateral.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Today's Fear and Greed Index rises to 27, still at the Fear level
Terminal Finance: Project shuts down due to delays in the Converge chain, protocol codebase to be open-sourced later
Cathie Wood remains optimistic about bitcoin's $1.5 million price target
Trending news
MoreCrypto prices
More
