Ethena founder: The surge in USDe supply, Aave integration and CEX support as collateral will drive supply demand
On November 15th, Ethena Labs founder Guy Young stated on social media that the supply of USDe has begun to show parabolic growth, with an increase in supply exceeding $700 million over the past three weeks. This has surpassed the total supply of PayPal's PYUSD or BUIDL.
It is expected that today's announced integration with Aave will provide billions of dollars in supply demand for USDe within the next month. In addition, collateral listings from two new centralized trading platforms are set to launch within next week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ARB price reaches $1.022 per coin, up 3.01 per cent on the day
DOT Boca Coin price reaches $9.618 per coin, up 2.03% on the day
TRX boba price reached $0.2749 per coin, down -2.14% on the day
ORDI price reaches $52.8 per piece, up 3.53 per cent during the day
Trending news
MoreCrypto prices
More
