Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand
Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Mastercard expands crypto team as stablecoins, not Bitcoin, take center stage
Mastercard's focus on stablecoins over Bitcoin highlights a shift towards integrating blockchain with traditional finance, impacti...
El Salvador’s National Bitcoin Office Hosts Five November Events Led by Herbert and Keiser
Bitcoin Magazine El Salvador’s National Bitcoin Office Hosts Five November Events Led by Herbert and Keiser El Salvador’s National...
Stablecoin Payments Reach $482 Billion As Token Supply Barely Grows
A new payments dataset offers a useful correction to the idea that stablecoin growth must be measured by how many tokens are in ci...
Binance Pool To Close November 10, Giving Bitcoin Miners Weeks To Move
TL;DR: Binance will discontinue its mining pool and related services at 07:00 UTC on November 10, 2026. Miners must redirect their...
Charles Schwab Opens Bitcoin And Ethereum Transfers As Crypto Rollout Expands
TL;DR: Charles Schwab is expanding its direct Bitcoin and Ethereum services, including phased external wallet transfers. The move...
Ethereum holds 54.1% of $300.3B stablecoin supply across 47 chains
Ethereum's stablecoin dominance faces challenges as Tron's rising transfer volume and supply gains could shift market dynamics if...