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

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Ethena’s USDE Sees Market Cap Shrink by 0M in Less Than 2 Months
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Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months

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Source: Bitcoin.com

Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 MonthsBased 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 […]

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Author: Jamie Redman

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  2. BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
  3. Arthur Hayes Introduces New ‘Risk Radar’ for Ethena’s USDE Stablecoin
  4. $16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total
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