USDe breaks out spectacularly, entering the Top 3 global stablecoins

The cryptocurrency market is witnessing a remarkable milestone as USDe, the stablecoin of #EthenaLabs , has experienced a breakthrough growth to become the third-largest stablecoin globally.

Surpassing the $9.5 billion mark and conquering the US market

In just three weeks, the market capitalization of #USDe surged by 75%, reaching $9.5 billion, only behind USDT and USDC. This success coincided with President Donald Trump signing into law the GENIUS Act, the first legal framework for stablecoins in the US. Seizing the opportunity, Ethena has partnered with Anchorage Digital to issue USDtb, a compliant version of USDe under the new law, paving the way for legal presence in the US market.

A sustainable and attractive model

Unlike failed algorithmic stablecoins in the past, USDe is built on a robust delta-neutral model. It combines on-chain collateral assets (such as USDT, $BTC ) with short positions on derivatives exchanges, helping to maintain price stability.

USDe attracts users with appealing interest rates ranging from 10-19% APY, outperforming traditional financial products. The growth of USDe has also led to an increase in the TVL (total value locked) of the Ethena protocol, placing it in the top 6 largest DeFi protocols globally with nearly $9.7 billion. This demonstrates strong investor confidence in the model and the potential of the entire Ethena ecosystem.