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by: xpoolPosted on: October 24, 2025

Ethena Makes Strides: Challenging USDC’s Stablecoin Dominance

Ethena has made significant strides in the stablecoin market, surpassing $10 billion in market capitalization and becoming the third-largest stablecoin. Their dual-token model of USDe (synthetic dollar) and USDtb (fully asset-backed stablecoin) appeals to both yield seekers and those seeking stability and compliance. Partnerships with Binance and Jupiter have amplified their global DeFi footprint.

Related posts:

  1. Ethena Boosts Team as It Preps for Two New Products
  2. MetaMask USD Dominates Crypto Development: A Record-Breaking Quarter for mUSD
  3. Ethereum Sees Record USDT Transfers: 400% Surge in Activity
  4. Ethereum Whale Deposits Massive USDT Amount Ahead of Stable Launch
DeFi Ethena Ethereum Stablecoins

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