USDe market capitalization has dropped from $14.7 billion to approximately $6.4 billion since the crash due to a crisis of confidence
ChainCatcher reports, according to a 10x Research study, the market capitalization of Ethena’s synthetic stablecoin USDe has evaporated approximately $8.3 billion since the market crash, dropping from $14.7 billion to the current roughly $6.4 billion, nearly halving. This sharp decline reflects a significant loss of investor confidence in leveraged and synthetic collateral models. The market … Read more
