Tag - defi market

Ethena’s USDe stablecoin rockets past $2b supply

Ethena Labs’ synthetic dollar has surged to a $2 billion market cap less than two months after the protocol released its product on Ethereum’s public mainnet. Launched in February, the market cap of stablecoin USDe has grown over 147% in the last 30 days, per DefiLlama. CoinGecko categorizes the cryptocurrency as the fifth largest token in...