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Ethena Labs’ USDe Stablecoin Hits $11.7B Supply as Revenue Tops $500M
Ethena Labs’ USDe Stablecoin Hits $11.7B Supply as Revenue Tops $500M
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BTCCSquare news:
Ethena Labs has cemented its position in decentralized finance with its synthetic dollar USDe reaching an $11.7 billion supply milestone while generating over $500 million in gross interest revenue. The protocol's August 21 announcement highlights a week of explosive growth, including $13.4 million earned in just seven days.
Market demand drove $670 million of USDe minting activity, reflecting strong confidence in Ethena's innovative architecture. Unlike traditional fiat-backed stablecoins, the protocol's design continues attracting capital inflows during favorable market conditions.
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