Ethena Labs has achieved a historic milestone with its USDe supply surpassing 6 billion. This significant increase reflects strong market demand and has driven the ENA token to rise by 27%, exceeding 0.5 USD.
Janet Yellen’s remarks on stablecoin regulations add optimism to the market landscape. However, the rapid expansion of synthetic stablecoins like USDe raises regulatory concerns that stakeholders will need to navigate moving forward.
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