🚀 Ethena USDe becomes the world’s third largest stablecoin with a $9.3 billion market cap
A new favorite has emerged in the crypto market. USDe — a synthetic stablecoin from Ethena Labs. Its market cap grew 75% in just three weeks, overtaking FDUSD to claim third place globally. Is the top near? Very likely.
What happened and why did everyone rush to buy?
GENIUS Act — now things are serious.
The US passed a law that finally set clear rules for stablecoin issuers. Regulatory clarity is like clean water in the desert: rare but essential. Investors immediately got active.
Partnership with Anchorage Digital.
Ethena found a trusted custodian and announced the legal launch of USDe in the US. This boosted confidence in the project and attracted major players to the market.
And of course, yield!
USDe isn’t just “one dollar — one coin.” It offers a variable yield of 10% to 19% annually.
Compared to traditional US bonds (4-5%), it sounds like a call from the future: “Guys, money is working here!”
Why does it matter?
Because the stablecoin market is the foundation of DeFi, trading, payment systems, and the entire crypto town. When a new player with ambition and real utility breaks ahead — it could signal a paradigm shift. If the trend continues, USDe has a real chance to compete for second place. And then it’s not far from Tether — if not by volume, then certainly by attention.
📌 We’re watching closely. Crypto isn’t just risks — it’s opportunities. Especially if you pay attention to where the money flows.
Source: The Block.
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