Ethena’s USDe Stable Amid Market Volatility
- USDe maintained its $1 peg despite market volatility, with brief dips to $0.999.
- The stablecoin’s market cap rose from $5.7 billion to over $6 billion.
- USDe offers a 10% APY, stable over the last 30 days.
- The reserve fund increased to $46.6 million by Q4 2024.
- Arthur Hayes holds record exposure to USDe through Maelstrom fund.
Ethena’s USDe synthetic stablecoin successfully maintained its $1 peg during recent market fluctuations, with its market cap rising above $6 billion and a reserve fund reaching $46.6 million by the end of Q4 2024.
Source (2.6)https://www.coindesk.com/markets/2025/02/03/usde-stable-despite-trade-war-volatility?rand=52298
