Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months

August 30, 2024 Bitcoin.com

Ethena’s USDE Sees Market Cap Shrink by 0M in Less Than 2 Months

Altcoins

Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug. 30, the stablecoin economy expanded from […]

Bank of Japan keeps interest rates unchanged for third straight meeting

Ethena Labs Expands USDE to Solana, Reveals Gradual SOL Integration

August 8, 2024 Bitcoin.com

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On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL now also being used as part of the stablecoin’s reserve backing. USDE Stablecoin Project Extends to Solana, Includes SOL Backing Despite witnessing redemptions totaling around […]

Bank of Japan keeps interest rates unchanged for third straight meeting

Stablecoin Market Sees PYUSD Supply Swell While USDE Shrinks With Redemptions

August 6, 2024 Bitcoin.com

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Over the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than 70%, while Ethena’s USDE saw an 8.82% decrease within the past 13 days. Ethena’s USDE Drops […]

Bank of Japan keeps interest rates unchanged for third straight meeting

Stablecoin Market Remains Steady in June Amidst Crypto Volatility

June 30, 2024 Bitcoin.com

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While June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply increasing by 21.4% since May. Stablecoin Economy Shows Little Change in June The stablecoin market remained relatively […]

Bank of Japan keeps interest rates unchanged for third straight meeting

Arthur Hayes-Backed Ethena Labs Announces New Tokenomics Update for ENA

June 19, 2024 The Daily Hodl

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Synthetic dollar protocol developer Ethena Labs is updating the tokenomics for its native asset, ENA, in a bid to increase the token’s utility. Ethena aims to provide a crypto-native solution for money not reliant on traditional banking system infrastructure via a synthetic dollar called USDe. The protocol also offers a dollar-denominated savings instrument called “the Internet Bond.” […]

The post Arthur Hayes-Backed Ethena Labs Announces New Tokenomics Update for ENA appeared first on The Daily Hodl.

Bank of Japan keeps interest rates unchanged for third straight meeting

$16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total

June 9, 2024 Bitcoin.com

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Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its supply. Stablecoin Market Swelled Last Season; USDE Climbs to Fourth Largest Dollar-Pegged Token While […]

Bank of Japan keeps interest rates unchanged for third straight meeting

Ethena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD

June 2, 2024 Bitcoin.com

Ethena’s USDE Stablecoin Surpasses Billion, Flipping First Digital’s FDUSD

Altcoins

This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $3 billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds $3 Billion Launched in February, the synthetic U.S. dollar stablecoin USDE, which offers yield earnings on holdings, has exceeded the $3 billion threshold. As of […]

Bank of Japan keeps interest rates unchanged for third straight meeting

FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts

May 26, 2024 Bitcoin.com

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The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced a 29% supply decrease. Stablecoin Valuations Adjust With Diverse Market Movements in May Since […]

Bank of Japan keeps interest rates unchanged for third straight meeting

New Competitors Eating Away At Tether’s USDT Stablecoin Dominance: Kaiko Analytics

May 1, 2024 The Daily Hodl

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Market intelligence platform Kaiko Analytics reports that new competitors are chipping away at Tether’s (USDT) stablecoin dominance. In a new report titled “Tether Loses Market Share,” Kaiko Analytics says that the stablecoin issuer’s market share over centralized exchange platforms (CEXs) has dipped 13% year-to-date (YTD) due to the growth of rival dollar-pegged digital assets, such […]

The post New Competitors Eating Away At Tether’s USDT Stablecoin Dominance: Kaiko Analytics appeared first on The Daily Hodl.

Bank of Japan keeps interest rates unchanged for third straight meeting

USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up

April 14, 2024 Bitcoin.com

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The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value, declined to $0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin. […]

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