$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

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BTC

67,676.6

-0.63%

ETH

1,957.53

-0.87%