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Don’t call it a stablecoin: How did a ‘synthetic dollar’ generate a yield of 113%?

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Don’t call it a stablecoin: How did a ‘synthetic dollar’ generate a yield of 113%?


A cryptocurrency called USDe from Ethena Labs has become the fastest growing dollar-denominated asset in crypto history. While it took the stablecoin titans Tether and Circle, which together demand 90% of the market, years to reach a $2 billion market cap, Ethena’s token needed just four months.…

#ethenalabs #tether #circle #ethena #teddyfusaro #bitwise #clusters #terraformlabs #ust #luna

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