$ENA employs a delta hedging strategy to manage Ethereum's price volatility and maintain USDe's stability against the US dollar.

The USDe stablecoin supply recently reached an all-time high of over $9.3 billion, securing its position as the third-largest stablecoin by market cap.

ENA

0.1149

-4.64%

BTC

66,824.43

-0.72%

ETH

1,970

-0.94%