USDe market value exceeds US$1 billion
The market value of the stablecoin USDe issued by Ethena Labs exceeded 1 billion US dollars and is now at 1.01 billion US dollars.
It is reported that USDe is a stablecoin based on Ethereum, which is secured by derivatives; to create USDe, Ethena allows users to use US dollars, ETH or liquidity collateral tokens as collateral.
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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