📊👀 IntoTheBlock: Ethena’s #USDe passed a crucial test following the recent Bybit hack. The stablecoin maintained its peg, swiftly processed large redemptions, and recovered from a brief discount—reinforcing market confidence in the stablecoin.
🇩🇪🧐 #ENA #USDe The German regulator announced that it found serious flaws in the approval process of the USDe stablecoin USDe company Ethena GmbH, and ordered to prohibit Ethena GmbH from further offering USDe to the public and instructed the custodian to freeze the relevant asset reserves.
www.bafin.de
Ethena GmbH: BaFin stoppt Neugeschäft in USDe-Token
Die Finanzaufsicht BaFin hat im Zulassungsverfahren der Ethena GmbH zu USDe-Token gravierende Mängel festgestellt und sofort vollziehbare Maßnahmen angeordnet. Die BaFin hat der Ethena GmbH unter anderem das weitere öffentliche Anbieten ihres USDe-Tokens…
🇩🇪🍿 #ENA Ethena: #USDe is not frozen, issuance and redemption services are operating as normal.
Other regulatory avenues will be considered in the future and the relevant terms of service will be reviewed over the next week to reflect current developments. This incident does not affect the normal usage process for most users.
Other regulatory avenues will be considered in the future and the relevant terms of service will be reviewed over the next week to reflect current developments. This incident does not affect the normal usage process for most users.
X (formerly Twitter)
Ethena Labs (@ethena_labs) on X
Since its inception, Ethena has been exploring various options and jurisdictions when it comes to regulatory frameworks globally that would be conducive to our business, and as a result we have multiple entities within our structure facilitating minting and…
🔝 Top Assets By Net Transfer Volume In The Last 30d
#USDT dominates with 43% of all value transferred across blockchains, totaling $156.2B in the past 30 days. Meanwhile, #SOL has pulled ahead of both #ETH and #BNB in net transfer volume.
Bitcoin tokens like #BTCB and #cbBTC are also seeing strong activity. Interestingly, #USDe has now overtaken #WBTC, whose transfer volume currently stands at $2.83B.
#USDT dominates with 43% of all value transferred across blockchains, totaling $156.2B in the past 30 days. Meanwhile, #SOL has pulled ahead of both #ETH and #BNB in net transfer volume.
Bitcoin tokens like #BTCB and #cbBTC are also seeing strong activity. Interestingly, #USDe has now overtaken #WBTC, whose transfer volume currently stands at $2.83B.
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📈 The total value of stablecoins in circulation has climbed past $250B, more than doubling from a ~$123B low in mid-2023.
#USDT remains dominant at 62%, followed by #USDC at 24%, while a growing tail of stables like #USDe, #DAI, and #BUIDL gains ground.
#stablecoin supply acts as crypto’s monetary base, and its steady growth signals increasing liquidity, investor confidence, and readiness for deployment.
#USDT remains dominant at 62%, followed by #USDC at 24%, while a growing tail of stables like #USDe, #DAI, and #BUIDL gains ground.
#stablecoin supply acts as crypto’s monetary base, and its steady growth signals increasing liquidity, investor confidence, and readiness for deployment.
📊👀 $1.9 billion #USDe burned since yesterday, 13% of total supply, as funding rates turned negative.
USDe is the third largest stablecoin
USDe is the third largest stablecoin
📊 Sentora: Even stablecoins are feeling the pressure in the current market, with only #USDT, #USDC, and #PYUSD posting growth over the past month among top stables.
Ethena’s #USDe stands out, with its market cap dropping by more than 35% over the same period. #stablecoin
Ethena’s #USDe stands out, with its market cap dropping by more than 35% over the same period. #stablecoin