Ethena’s synthetic stablecoin, USDe, has officially crossed the $10 billion market cap milestone — achieving this feat in just 500 days since launch.
According to PANews, Messari researcher Stablecoin Intern highlighted the achievement on X, noting the rapid growth of USDe in the competitive stablecoin sector. This positions USDe among the fastest-growing stablecoins in history, reflecting strong adoption and market confidence in Ethena’s model of synthetic, yield-bearing stability.