🚀 USDe of #ethena : An Unstoppable Rise 🚀
In just a few weeks, the stablecoin USDe has surged by 75%, reaching 9.3 billion dollars, positioning itself as the third largest in the world. Its success is attributed to an innovative delta-neutral trading strategy that balances positions in crypto assets and futures to maintain its parity with the dollar.
However, its outstanding performance, which exceeds 60%, makes it vulnerable to the fluctuating conditions of the futures market.
Still, USDe demonstrates the potential of synthetic stablecoins, and its future will depend on its ability to generate sustainable returns.
