USDe Booms Post-GENIUS Act, But Is Ethena’s Stablecoin the UST of This Cycle?
Following the US GENIUS Act, capital is pouring into yield-bearing stablecoins, with Ethena’s USDe leading the charge. However, with explosive growth comes rising concern, with overhanging fears about whether this may be the next breakthrough or the next UST. USDe Supply Surges to $9.5 Billion, Now Third-Largest Stablecoin Ethena’s USDe stablecoin is on an unprecedented…