Article
Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand
Strong Bearish
-100.0
−100 Bearish
0
+100 Bullish
Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions.
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Sentiment Signal
Strong Bearish
-100.0
−100Neutral+100
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