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USDe Stablecoin Issued by Ethena Labs Hits 360 Million Issues

Bitget2024/07/01 19:51

On July 2, according to data, the stablecoin USDe, issued by Ethena Labs, has reached 3,605,138,764.1 units in circulation. USDe is an ethereum-based stablecoin, secured by derivatives, that achieves price stability through "delta-neutrality" hedging in both centralized and decentralized venues. To create USDe, Ethena allows users to use USD, ETH or liquidity pledge tokens as collateral.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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