In the beginning, USD Ethena or $USDe was built on the Ethereum blockchain, but due to the strong growth of the coin's capitalization, a massive expansion to other blockchains began. And it's not just spreading for the sake of spreading, it's necessary, as USD Ethena is currently the fastest growing USD-related asset in terms of capitalization.
USDe itself is a synthetic crypto-dollar created for digital transactions to replace $USDT, which has recently had some problems with United States legislation. They may not be particularly serious, but there are issues.
$USDC is better in this respect, but it has fully taken root only on Solana, and a huge part of its capitalization is concentrated on this blockchain, and advertising programs and special factors for the retention of coins leave much to be desired.
USDe copes with both of these problems at once, firstly, despite the huge capitalization of $7.44B it has a program Ethena Points, which attracts people to the coin and provides growth of capitalization, and the coin has no problems with the legislation.
The coin was recently added to the leading AMM of the TON blockchain - STONfi, as well as the Ethena Points program, which is currently available in the USDT/USDe pool, along with the stableswap technology, which ensures minimal slippage by using special technology to swap stablecoins.
Read more here:
ethena.ston.fi
