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

By The Coin Weekly
This post was originally published on this site

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

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


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