Ethena’s USDe Hits $13B Milestone, Outpacing Rivals in Stablecoin Race

Ethena’s USDe recently surpassed the $13 billion mark in circulating supply, marking a major milestone within hours of its listing on Binance. This rapid ascent has solidified its position as the third-largest stablecoin, boasting a 5% market share in a $287 billion ecosystem. Market experts attribute this impressive growth to investor interest in alternative options and the confidence generated by regulatory clarity.