
Markets1m read
Ethena's USDe Stablecoin Supply Shrinks 70% from $14 Billion Peak
Ethena's USDe synthetic dollar has seen its circulating supply shrink by a significant 70% since its $14 billion peak in the October bull market.

Ethena's USDe synthetic dollar has seen its circulating supply shrink by a significant 70% since its $14 billion peak in the October bull market.

Ethena's synthetic dollar, USDe, has seen its circulating supply contract by a significant 70% from its $14 billion October peak, as StablecoinX prepares for its Nasdaq debut this Friday.

Traditional asset manager Janus Henderson invests in Ethena's ENA token and eyes USDe distribution, deepening TradFi engagement with DeFi.

Coinbase Ventures has acquired Ethena tokens and plans to integrate Ethena's new savings product for its vast user base, signaling significant institutional interest in DeFi protocols.