Ethena’s USDe loses $8.3B since October crash amid ‘loss of confidence’
In recent developments, ethena’s synthetic stablecoin USDe has seen its market cap cut almost in half since the Oct. 10 crash, as investors retreat from leveraged and synthetic collateral models.…
Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand
In recent developments, 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. Looking closer, market participants…
