Ethena Labs Hints at USDe Stablecoin Launch Pegged to USD on Dec. 16

The post Ethena Labs Hints at USDe Stablecoin Launch Pegged to USD on Dec. 16 appeared first on Coinpedia Fintech News

Ethena Labs is set to launch its synthetic stablecoin, USDe, on December 16, 2024, with its market cap already reaching $5.73 billion. Unlike traditional stablecoins like USDT or USDC, USDe is designed as a yield-generating asset rather than just a transaction tool. USDe has quickly gained traction in the decentralized finance (DeFi) world, with its trading volume jumping by over 24% in a single day to $171.09 million. This shows a strong demand for yield-generating assets, especially in a bullish market. With a $200B market cap, stablecoins are here to change the crypto game.