Ethena USDe Adds $2.62M GHO Borrows, Signals Collateral Demand
Ethena's USDe contributed $2.62 million in new GHO borrows, indicating growing use as productive collateral. Its PT collateral also avoided liquidations during a past depeg.
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Aave V4 Deposits on Avalanche Pass $125 Million to Reach Record High
Aave V4 deposits on Avalanche (AVAX) have topped $125 million, a record. Ethena Pay's new Earn+ vault, which routes funds through Aave V4, is cited as a driver.
Ethena USDe Supply on Avalanche Rises 211% in 30 Days to Above $20 Million
Ethena's USDe stablecoin supply on Avalanche (AVAX) has reportedly risen 211% over 30 days to more than $20 million, as USDe supply stands near $5 billion overall.
Ethena’s USDe goes native on OKX’s X Layer, with Aave first in line
Ethena's USDe stablecoin is now available on OKX's X Layer, with an Aave v3 market as the first integration and USDe looping via OKX Wallet to follow.
Tether and Circle Dominate Stablecoins as No Rival Tops $5B
Tether's USDT and Circle's USDC hold about 60% and 24% of the stablecoin market, while Ethena's USDe and World Liberty Financial's USD1 remain below $5B.
Ethena hits $1,000,000,000 worth of fees
Ethena, issuer of the $USDe synthetic dollar, has passed $1 billion in cumulative fees since late 2023, according to DefiLlama data.