USDe issuance has exceeded 2.3 billion
According to Etherscan data, the stablecoin USDe issued by Ethena Labs has reached a circulation of 2,300,687,978. USDe is a stablecoin based on Ethereum, secured by derivatives, and achieves price stability through "delta-neutral" hedging in centralized and decentralized venues. To create USDe, Ethena allows users to use US dollars, ETH, or liquidity collateral tokens as collateral.
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