Stablecoin USDe Issued by Ethena Labs Surpasses $1.1 Billion Market Cap
The market capitalization of USDe, the stablecoin issued by Ethena Labs, has surpassed $1.1 billion and currently stands at $1.11 billion.USDe is an ethereum-based stablecoin that is secured by derivatives. To create USDe, Ethena allows users to use USD, ETH, or liquidity pledge tokens as collateral.
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