CandleFocus Ethena USDe Stablecoin Surges 72%—Tether’s Market Lead at Risk
2024-12-03
Author: Content Editor
Ethena Labs has recently launched a stablecoin called Ethena USDe (USDe), entering a market that has been dominated by Tether (USDT) and USD Coin (USDC). The aggressive entry of Ethena Labs into the stablecoin market suggests a potential shake-up in the industry. Tether remains the dominant player, supported across 78 blockchains, with a consistent price of $1 and a market capitalization of $135.004 billion. USD Coin is second in the market, available across 76 chains, with a stable $1 price and a market cap of $39.876 billion. Ethena USDe, supported on 11 blockchains, is growing in popularity with a stable $1 price and a market capitalization of $4.763 billion. Its recent performance has shown impressive growth with a 1-month gain of +72.65%.
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