Ethena's USDe stablecoin has experienced remarkable growth, now holding the third-largest market capitalization in the stablecoin sector. According to The Block, USDe's market cap has reached $9.3 billion, a 75% jump in just three weeks. This places it behind only USDT and USDC in terms of market dominance. The Total Value Locked (TVL) within the Ethena ecosystem has also seen significant gains, currently standing at $10 billion and ranking 7th overall in the DeFi space. Brandon Keay, an analyst at The Block Research, suggests a potential link between the recent surge in demand for USDe and the passage of the US stablecoin regulatory bill. Ethena Labs has also partnered with Anchorage Digital to ensure compliance with the US GENIUS Act. This collaboration enhances USDe's credibility and regulatory standing, potentially contributing to its increased adoption and market cap. The future looks bright for USDe. ```

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