USDe Stablecoin Issued by Ethena Labs Hits 360 Million Issues
On July 2, according to data, the stablecoin USDe, issued by Ethena Labs, has reached 3,605,138,764.1 units in circulation. USDe is an ethereum-based stablecoin, secured by derivatives, that achieves price stability through "delta-neutrality" hedging in both centralized and decentralized venues. To create USDe, Ethena allows users to use USD, ETH or liquidity pledge tokens as collateral.
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