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

Cointelegraph.com NewsEthena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions. 

​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.