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Event ends: August 9, 16:00 UTC
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The supply of USD has exceeded 8.4 billion USD, increasing by more than 3.14 billion USD within 20 days.
PANews, August 1st news, according to CoinDesk, the supply of Ethena's synthetic stablecoin USDe has surpassed 8.4 billion USD, increasing by more than 3.14 billion USD in 20 days, a rise that exceeds the inflow of funds into BlackRock's flagship Bitcoin and Ethereum ETFs. During the same period, the inflow of funds into BlackRock's Bitcoin ETF was 1.6 billion USD, and the inflow into BlackRock's Ethereum ETF was 2.75 billion USD. According to on-chain data compiled by the Ethena community, the supply growth since July 17th is the fastest period for this protocol since its establishment in February 2024. Additionally, Ethena's governance token ENA soared nearly 120% last month.