Ethena's $9.5B USDe could now challenge USDC's number 2 spot by 2027

USDe’s market cap surged from approximately $5.33 billion on July 17 to over $9.3 billion by August 4, marking a nearly 75% increase and propelling it into the number three slot among all stablecoi...

By · · 1 min read
Ethena's $9.5B USDe could now challenge USDC's number 2 spot by 2027

Source: CryptoSlate

USDe’s market cap surged from approximately $5.33 billion on July 17 to over $9.3 billion by August 4, marking a nearly 75% increase and propelling it into the number three slot among all stablecoins, behind only USDT and USDC. The sudden rise has positioned Ethena’s synthetic dollar among top-tier stablecoins while also raising questions about […]

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