Ethena Stablecoin Nears $6B Market Cap, Tops $250M in Revenue

USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It’s a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg with the U.S. dollar. USDE is Quietly Leading the Niche Stablecoin Market The $212 billion stablecoin market is currently dominated by Tether (USDT) and USDC, but a new entrant has quietly […]

source https://news.bitcoin.com/ethena-stablecoin-nears-6b-market-cap-tops-250m-in-revenue/