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