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USDe Nears $15B: Ethena’s Synthetic Dollar Muscles Into the Big Leagues

Ethena’s synthetic dollar is racing toward a $15 billion market cap, and the road signs all point to bigger ambitions ahead. Ethena’s USDe Market Cap Edges Higher USDe isn’t a cash-in-the-bank stablecoin; it’s a crypto-n...

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USDe Nears $15B: Ethena’s Synthetic Dollar Muscles Into the Big Leagues
Ethena’s synthetic dollar is racing toward a $15 billion market cap, and the road signs all point to bigger ambitions ahead. Ethena’s USDe Market Cap Edges Higher USDe isn’t a cash-in-the-bank stablecoin; it’s a crypto-native dollar built on Ethereum and a handful of other chains, flexing a delta-neutral hedge to keep its peg locked. The […]

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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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