Ethena Achieves $3.7B TVL
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USDe StablecoinCoinGape
•ENA Price Shoots 25% As Ethena Pitches Direct Competition to Tether
61% Informative
Ethena Finance has scaled its USDe stablecoin to a $3 billion market cap making it the fastest-growing DeFi project in history.
USDe provides a 5-8% yield premium over the Fed fund rates, attracting yield-seeking investors.
The ENA price has shot up by 25% moving to $ 0.35 with its market cap surging past $920 million .
Analysts believe this, along with the launch of the UStb stablecoin, will accelerate USDe's adoption and growth.
ENA price lost some ground after hitting the peak of $ 1.45 in April this year .
The market is seeing a major reversal from here onwards.
Popcat Price Soars 15% , Gears Up to Hit $ ATH once again soon.
Ripple CEO Slams US SEC For XRP Security Claim In Bitnomial Case.
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