The market value of USDe has exceeded US$400 million
The market value of the stablecoin USDe issued by Ethena Labs has exceeded $400 million and is now reported at $437.65 million.
It is reported that USDe is a stablecoin based on Ethereum, which is collateralized by derivatives and achieves price stability through "delta-neutral" hedging in centralized and decentralized venues. To create USDe, Ethena allows users to use USD, ETH, or liquidity collateral tokens as collateral.
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