Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand

Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions.
Source: Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand (https://cointelegraph.com/news/ethena-usde-contracts-as-fiat-stablecoins-add-billions?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)