regulatoryscrutiny

Ethena's USDe Surges to Third-Largest Stablecoin Amid Regulatory Scrutiny

Ethena's USDe Surges to Third-Largest Stablecoin Amid Regulatory Scrutiny

Ethena’s USDe has quickly climbed to be the third-largest stablecoin in the world, behind only USDT and USDC. Its market cap would be quite large, between $5.46B and $5.88B as of early June 2025. Despite the regulatory storm clouds forming, the stablecoin’s novel method of entering the yield generating and...

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