Stablecoin Surge – Ethena’s USDe Hits $5.9B
Stablecoins are powering the crypto market, with Ethena’s USDe climbing to the third-largest stablecoin at a $5.9 billion market cap, overtaking DAI, per Binance Square. High yields on staked USDe and its use as collateral on Aave since November 2024 have driven growth. Stablecoin reserves nearing $45 billion signal massive buying pressure, potentially pushing BTC to $120,000 in January 2025, according to Binance’s January Calendar.
Russia’s mandate for businesses to accept digital ruble payments by July 2025 highlights stablecoin adoption, but regulatory scrutiny persists. Barron’s Weekly warns that governments may resist assets challenging sovereign currencies. With Binance dominating CEX volume at $950 billion in December 2024, stablecoins are key to liquidity. Can USDe maintain its edge, or will regulatory hurdles slow it down? Let’s hear your thoughts!
Will stablecoins like USDe drive 2025’s bull run? vote in comments section ...
- Yes, they’re essential! 🌟
- No, regulation will limit them 📉
- Unsure, mixed signals 🤷