$USDE
๐ต๐USDe (often called Ethena USDe) is a crypto-native stablecoin pegged to the U.S. dollar ๐บ๐ธ๐ฒ โ meaning it aims to stay very close to $1 in price with minimal volatility. Itโs designed using advanced delta-hedging and on-chain collateral mechanisms (rather than traditional bank reserves) to keep the peg stable while integrating into DeFi applications like lending, trading, and yield earning ๐ง ๐. USDe has one of the largest stablecoin market caps (~$6โ$9 B) and solid liquidity, showing broad adoption in the crypto ecosystem. Its price rarely moves far from $1, reflecting stability rather than speculative growth ๐๐.
USDE
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