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
Why Is Tether Bringing USDT Back to Bitcoin Now? Morgan Stanley Offers a Clue
Swiss Franc: Dovish SNB keeps CHF under pressure against US Dollar – ING
Japan Central Bank inflation indicators accelerate, providing grounds for further interest rate hikes
An indicator used by the Bank of Japan to measure underlying inflation accelerated last month, significantly exceeding its target level, providing further justification for continuing to raise the benchmark interest rate.
Hut 8 Wins $140M Bid For Poolin’s Texas Data Centers
Crypto prices
More
