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USDe Nears $15B: Ethena’s Synthetic Dollar Muscles Into the Big Leagues
Ethena’s synthetic dollar is racing toward a $15 billion market cap, and the road signs all point to bigger ambitions ahead.

Ethena’s USDe Market Cap Edges Higher

USDe isn’t a cash-in-the-bank stablecoin; it’s a crypto-native dollar built on Ethereum and a handful of other chains, flexing a
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