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Ethena crosses $500M in cumulative revenue as synthetic stablecoins gain ground

While the overall stablecoin market is up 4% in August, some synthetic stablecoins, such as Sky Dollar and Falcon USD, have had even more substantial gains.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Ethena crosses $500M in cumulative revenue as synthetic stablecoins gain ground

While the overall stablecoin market is up 4% in August, some synthetic stablecoins, such as Sky Dollar and Falcon USD, have had even more substantial gains.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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