USDe market value exceeds US$900 million
On March 12th, the market value of the stablecoin USDe issued by Ethena Labs has exceeded 900 million US dollars and is now 902.78 million US dollars. It is reported that USDe is an Ethereum-based stablecoin that is collateralized by derivatives. To create USDe, Ethena allows users to use USD, ETH, or liquidity collateral tokens as collateral.
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