USDe Breaks Into DeFi’s Top 10 — $ENA on the Rise
Ethena Labs’ stablecoin USDe is rewriting the DeFi playbook. Since the GENIUS Act was signed in 2025, USDe has surged to over $9.3B in market cap and now ranks #3 among stablecoins — trailing only USDT and USDC.
Key Drivers:
• High APY (10–19%) attracting yield seekers
• Delta-neutral strategy boosting stability
• Backed by BTC, USDT, and audited reserves
• Regulatory clarity under the GENIUS Act
With $9.4B in TVL, Ethena ranks 7th in DeFi — challenging major protocols like Aave and Uniswap.
The stablecoin race is shifting fast — and $ENA is one to watch.
