{"id":400834,"date":"2025-08-04T13:17:33","date_gmt":"2025-08-04T07:47:33","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethenas-usde-stablecoin-surges-to-all-time-high-market-capitalization-of-9-3-billion-crypto-news\/"},"modified":"2025-08-04T13:37:15","modified_gmt":"2025-08-04T08:07:15","slug":"ethenas-usde-stablecoin-surges-to-all-time-high-market-capitalization-of-9-3-billion-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethenas-usde-stablecoin-surges-to-all-time-high-market-capitalization-of-9-3-billion-crypto-news\/","title":{"rendered":"Ethena\u2019s USDe Stablecoin Surges to All-Time High Market Capitalization of $9.3 Billion – Crypto News"},"content":{"rendered":"

<\/p>\n

The synthetic dollar\u2019s supply is up 75% over the past month, driven by increased demand for yield and overall excitement surrounding Ethena.<\/p>\n

\n

On the back of a strong month for Ethena, demand is surging for USDe, the synthetic dollar protocol\u2019s flagship stablecoin.<\/p>\n

USDe\u2019s market capitalization is up 75% over the last month and 24% over the last week to a new all-time high of $9.3 billion<\/a>.<\/p>\n

USDe Circulating Supply – DeFiLlama<\/figcaption><\/figure>\n

The rapid increase in USDe minting is likely catalyzed by overall excitement surrounding Ethena after the debut of the Stablecoin X treasury company, as well as staked USDe\u2019s (sUSDe) high yield \u2013 currently 11%<\/a> annualized.<\/p>\n

Stablecoin X was unveiled<\/a> on July 21 and is implementing a \u201cdeliberate, multi-year capital allocation\u201d approach to the Ethena ecosystem, with plans to buy $260 million of ENA, roughly 8% of the circulating supply at the time of the announcement.<\/p>\n

The Ethena Foundation also retains the right to veto any sales of ENA by Stablecoin X at its sole discretion, forcing the accumulated tokens to be utilized for re-investment and infrastructure building, effectively removing them from circulation.<\/p>\n

Guy Young, the founder of Ethena, shared <\/a>that USDe inflows have surpassed all BTC ETFs combined and Blackrock\u2019s ETHA Ethereum ETF over the last 20 days. Cumulative ETH ETF inflows over the last 20 days slightly outpaced<\/a> the increase in USDe supply.<\/p>\n

\"USDe
USDe Inflows vs ETH\/BTC ETFs – Guy Young<\/figcaption><\/figure>\n

The ENA token<\/a> is up 140% over the last 30 days, outperforming the broader altcoin market. For comparison, BTC and ETH are up 6% and 40% in the same timeframe.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The synthetic dollar\u2019s supply is up 75% over the past month, driven by increased demand for yield and overall excitement surrounding Ethena. On the back of a strong month for Ethena, demand is surging for USDe, the synthetic dollar protocol\u2019s flagship stablecoin. USDe\u2019s market capitalization is up 75% over the last month and 24% over […]<\/p>\n","protected":false},"author":2,"featured_media":400836,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-400834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/400834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=400834"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/400834\/revisions"}],"predecessor-version":[{"id":400839,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/400834\/revisions\/400839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/400836"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=400834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=400834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=400834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}