📈 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.

📈 #ENA #USDE TVL Ethena reached ATH, surpassing $7.7 billion (+40% since July 1)

📊 #ENA Over the past month, #USDE supply has surged 75% to $9.3 billion, making USDE the 3rd largest stablecoin by market capitalization. At the same time, Ethena became DeFi's 6th largest protocol by TVL.

🙋‍♂ #ENA #BNB Ethena approved BNB as the first new asset eligible to collateralize perpetual #USDe futures.
Also stated that XRP and HYPE meet initial thresholds, noting that they may be included next after risk assessment.

💰 #ENA #USDE Mega Matrix (#MPU) announced the creation of a treasury reserve strategy for stablecoin management tokens that utilizes ENA as a key strategic reserve asset.

💰🤔 #ENA #USDE Mega Matrix plans to sell $2 billion worth of shares and use some of the proceeds to create a treasury reserve strategy for tokenized stackablecoin management and ENA purchases

💰 #ENA #USDE Mega Matrix (#MPU) acquired ENA for ~$3 million

💰 #ENA #USDE Mega Matrix (#MPU) acquired ENA for ~$3M more.

😨📉 Meanwhile, many stablecoins are losing their $ peg (Ethena's #USDE is -30% at the moment), with WLFI's #USD1 retaining its peg.

🤔🍿 Amid the market drop, #USDE, #BNSOL and #WBETH faced a serious depeg on Binance. USDE fell to $0.6567, BNSOL fell to $34.9, and WBETH fell to $430.65. Binance has responded to the incident, stating that the team is conducting a comprehensive investigation. x

📊👀 $1.9 billion #USDe burned since yesterday, 13% of total supply, as funding rates turned negative.

USDe is the third largest stablecoin

👀 #ENA Ethena reassure: #USDe still has about $66 million in excess collateral.

📈 CryptoRank: Stablecoin Supply Reaches ATH Amid Market Liquidations

Stablecoins are proving to be the backbone of crypto liquidity and resilience.

The GENIUS Act and a wave of new entrants like #USDe, #USD1, and #PYUSD are driving institutional adoption and fueling the next phase of growth.

🗣 NYDIG Global Head of Research: #USDC, #USDT and #USDe are not true dollar pegged stablecoins and their value fluctuates based on market supply and demand. They are essentially just market trading instruments.

🍿 #ENA #USDE Ethena announces the launch of two new products within three months.

📊 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

🥳 #ENA Anchorage Digital is preparing to launch a rewards program for #USDtb and #USDe token holders without offering yields directly, which would violate US Stablecoin laws. coindesk

📊👀 #ENA Santiment notes that there have been several large transfers of #USDE (Ethena) to exchanges in the last 24 hours.