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BTCC / BTCC Square / Global Cryptocurrency /
Ethena Claims Third Place in Stablecoin Rankings

Ethena Claims Third Place in Stablecoin Rankings

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-08-04 07:23:02
0
BTCCSquare news:

Ethena's USDe stablecoin has surged 75% in supply over the past month, reaching $9.3 billion in market capitalization. This growth propels USDe past FDUSD to secure the third-largest stablecoin position, trailing only Tether (USDT) and USD Coin (USDC).

The protocol now ranks as the sixth-largest DeFi platform by total value locked, with $9.47 billion in assets. Demand for yield-bearing stablecoins continues to drive adoption, cementing Ethena's role in the evolving cryptocurrency ecosystem.

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