Ethena (USDe): A Stablecoin Designed for Crypto

🔹 Current Price: $0.9987

🔹 Market Cap: $5.85B

Ethena’s USDe stablecoin runs on Ethereum and works like a digital dollar for DeFi. Instead of relying on traditional banking, it stabilizes its value using smart trading strategies (delta hedging) and an automated system for minting and redeeming.

It also includes the ‘Internet Bond’, which earns yields by combining Ethereum staking rewards with perpetual and futures markets. With backing from BlackRock’s BUIDL fund, Ethena aims for wide adoption in both DeFi and traditional finance. $ethene #ethene