Can Ethena’s USDe Stabilize DeFi?

DeFi offers innovative financial services like lending, trading, and yield opportunities, but its reliance on volatile crypto assets poses stability concerns. Ethena aims to solve this with its synthetic dollar (USDe), designed for scalability, censorship resistance, and long-term stability without traditional banking infrastructure. However, the question remains: Can USDe deliver lasting stability in a volatile market or is it another experimental peg destined to break? This article delves into Ethena’s USDe, exploring its mechanism, benefits, challenges, and potential impact on DeFi.**

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