📈 Quick Update from the Stablecoin Market:
- USDe (from Ethena) is now the third largest stablecoin with a market value over $11.3 billion, after a growth of ≈ 75% over the past weeks driven by innovative DeFi vision.
- Meanwhile, USDS (from Sky Protocol) is characterized by continuous growth; the market value is ~$7.9 billion and has achieved a supply increase of +23% since July, driven by new regulatory legislations.
The stablecoin market is expanding, and alternatives like USDe and USDS are emerging at an accelerated pace.
Will we see a new challenge to the USDT/USDC duo? ⏳
$USDT