Ethena Labs’ USDe stablecoin hits $3 billion supply in just four months
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Ethena Labs’ USDe stablecoin, sometimes referred to as a ‘synthetic dollar’, has achieved a supply of $3 billion after a just four months of its public debut. Since its launch in February, the stablecoin has seen significant expansion, with its token value approaching $3 billion. This rise may be attributed to its distinctive arbitrage mechanisms and the cash-and-carry transaction, which generates profits. USDe’s supply has climbed by $1 billion since