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BTCC / BTCC Square / Global Cryptocurrency /
Ethena USDe Surge to Become 3rd-Largest Stablecoin by Market Cap

Ethena USDe Surge to Become 3rd-Largest Stablecoin by Market Cap

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-08-04 08:05:01
0
BTCCSquare news:

Ethena's USDe stablecoin has rapidly ascended the ranks, now standing as the third-largest stablecoin by market capitalization. Data from DeFiLlama reveals a 75% monthly supply surge to $9.3 billion, overtaking FDUSD in a dramatic market repositioning.

The Ethereum-based stablecoin's growth reflects intensifying competition in the dollar-pegged token sector. This expansion comes amid broader institutional adoption of crypto-native yield instruments and synthetic dollar products.

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