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