The redemption amount of Ethena's stablecoin USDe has approached 100 million USD this week
Bitget2024/08/06 10:09
Since Monday, the redemption amount of Ethena's USDe stablecoin has approached 100 million USD. The severe market turbulence may have triggered user redemptions, putting some pressure on the protocol. Meanwhile, USDe is able to maintain its peg to the dollar. However, Ethena's price page on The Block shows that its price fluctuated slightly, once touching 0.997 USD and then rebounding back to around 1 USD. The current supply of USDe exceeds 3 billion tokens, which is 50% higher than the supply of 2 billion in April.
1
1
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$105,184.76
-1.71%
Ethereum
ETH
$3,871.62
-3.31%
XRP
XRP
$2.54
-5.02%
Tether USDt
USDT
$0.9998
+0.00%
Solana
SOL
$217.33
-3.69%
BNB
BNB
$717.28
-0.77%
Dogecoin
DOGE
$0.3856
-4.81%
USDC
USDC
$1
+0.01%
Cardano
ADA
$1.03
-5.93%
TRON
TRX
$0.2723
-7.58%
Bitget pre-market
Buy or sell coins before they are listed, including ME, TOMA, OGC, USUAL, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now