Ethena Labs will launch a new synthetic stablecoin referred to as the USDe on the 16th of Dec. However, USDe is not like the other stablecoins such as USDT or USDC, since it is a yield-generating asset.
16.12.2024 pic.twitter.com/zmRQyCFfy9
— Ethena Labs (@ethena_labs) December 12, 2024
A Yield-Generating Alternative to Traditional Stablecoins
USDe sets itself apart from conventional fiat-backed stablecoins through a unique mechanism. It does not rely on reserves to maintain its prices but uses delta-neutral trading that assists in keeping prices stable.
This strategy includes equal leverage in long and short adoption of BTC and ETH for USDe. The platform can maintain its stable peg to the U.S. dollar, even without utilizing conventional forms of security.
This model has already made USDe the third largest USD-pegged stablecoin by market capitalization excluding DAI which stands at $4.7 billion.
However, USDe is still dwarfed by giants USDT and USDC. These have market
We współpracy z: https://www.thecoinrepublic.com/2024/12/14/ethena-labs-to-launch-usde-stablecoin-pegged-to-usd/
