Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug. 30, the stablecoin economy expanded from […]Altcoins, competition, Elixir, ethena, Ethena USDE, Gyroscope, Market Cap, Paxos, Stablecoin, usde, YieldRead More

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