Ethena's USDe Outpaces BlackRock’s Bitcoin, Ether ETFs With $3.1B Inflow Surge
Main Idea
The browser verification process was unsuccessful.
Key Points
1. Browser verification failed.
Description
Ethena’s synthetic stablecoin, USDe, has crossed $8.4 billion in supply, adding more than $3.14 billion over 20 days in a surge that outpaced flows into BlackRock’s (BLK) flagship bitcoin and ether exchange-traded funds. According to on-chain data curated by the Ethena community, the supply increase since July 17 is the fastest period of growth since the protocol's inception in February 2024. Inflow into the yield-bearing stablecoin exceeds the $2.75 billion added to BlackRock’s ether ETF (ETHA)...
$ENA
$0.5930
-1.92%
$BTC
$113638.0
-1.94%
Latest News
- Red Coin, Blue Coin: The New Politics of Exposure2025-08-01 19:00:18
- What Bitcoin's Velocity Says About Its Future2025-08-01 18:59:54
- Crypto ETFs See Record $12.8B Inflows in July as Market Rallies to New Highs2025-08-01 18:59:14
- Crypto Carnage Continues Even as Gold, Bonds Surge on Soft U.S. Jobs Data2025-08-01 18:58:53
- Polkadot's DOT Suffers 5% Decline as Intensified Selling Pressure Overwhelms Market2025-08-01 17:06:59