@sasha25

Ethena’s USDe stablecoin surges to $12 billion supply, fueled by leveraged yield loops on Pendle and Aave Ethena's USDe has continued its remarkable growth, with its supply surging to $12 billion as of Aug. 25, more than 15% of USDC supply, the second-largest stablecoin. This positions USDe as a strong contender to challenge the dominance of stronghold stablecoins like USDC and USDT in the coming months. The growth stems from USDe's unique value proposition as a yield-bearing, crypto-native stablecoin that generates returns through delta-neutral hedging strategies. Unlike non-yielding alternatives such as USDC and USDT, USDe offers holders 9%-11% APY by maintaining a peg through collateral positions in ETH/BTC paired with short futures positions, capitalizing on positive funding rates in the current rising market environment. https://www.theblock.co/post/368677/ethenas-usde-stablecoin-surges-to-12-billion-supply-fueled-by-leveraged-yield-loops-on-pendle-and-aave

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