Ethena’s USDe Stablecoin Hits $10 Billion Market Cap in Just 500 Days

Ethena’s USDe stablecoin has achieved a remarkable milestone, surpassing the $10 billion market capitalization mark in just 500 days. This rapid growth is attributed to regulatory shifts and the increasing popularity of decentralized finance (DeFi). The GENIUS Act played a significant role in encouraging capital flow towards DeFi models like USDe. Ethena Labs, the developer behind USDe, has emphasized its scalability and compliance as key factors contributing to its success. 500-day growth is notable within the volatile crypto landscape.