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news-imageApril 2, 2024

Ethena Protocol's USDe Gains MakerDAO's Vote of Confidence With $600 Million Stake

MakerDAO, the governing body of the popular DAI stablecoin, is contemplating a substantial allocation of 600 million DAI to the fast-growing USDe synthetic dollar stablecoin via Morpho Labs. This strategic move comes as Ethena Protocol, the platform behind USDe, prepares to launch its native ENA token airdrop.
Publisher: BeInCrypto
Sentiment: Positive
ENA

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cover-imageCrypto Economy
January 7, 2025

Ethena's USDe Skyrockets to $6 Billion Market Cap, Overtaking DAI

TL;DR Ethena surpasses DAI and reaches a $6 billion market capitalization with its stablecoin USDe, standing out in the sector. The integration of sUSDe into Aave drives over $1 billion in inflows in just a few weeks, attracting large investors. Ethena launches USDtb, a stablecoin backed by U.S.

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