When perpetual funding turned negative, @ethena_labs closed delta-neutral positions & shifted assets to $USDtb – $USDe supply fell 18% while USDtb surged 1,510%.

Check out this stablecoins sector overview ➡️ https://www.ournetwork.xyz/p/on-338-stablecoins-pt-2?utm_campaign=spencer

Data via: @RWA_xyz