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

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Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand
« on: December 04, 2025, 12:28:31 AM »
Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand

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
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