The market capitalization of Ethena USDe has decreased by more than $5.4 billion since 1011
According to reports from Wu, @tomwanhh data shows that due to concerns over yield-bearing stablecoins triggered by the failure of xUSD and deUSD, over $700 million has been redeemed from Ethena – USDe this month. Since 1011, the market capitalization of Ethena USDe has decreased by more than $5.4 billion.