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Ethena Stablecoin Nears $6B Market Cap, Tops $250M in Revenue

USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It’s a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg with the U.S. dollar. USDE is Quietly Leading the Niche Stablec...

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

Ethena Stablecoin Nears $6B Market Cap, Tops $250M in Revenue
USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It’s a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg with the U.S. dollar. USDE is Quietly Leading the Niche Stablecoin Market The $212 billion stablecoin market is currently dominated by Tether (USDT) and USDC, but a new entrant has quietly […]

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