BitMEX co-founder believes this stablecoin could flip Tether one day
Summary
Ethena's USDe synthetic dollar generated $6.53 million in fees in 24 hours, making it the top fee-generating dApp. It offers a high annual percentage yield and has attracted $14 million in investments. USDe has experienced rapid growth, with a 409% surge in total value locked over the last month, reaching $838 million. It is predicted to potentially surpass Tether's USDT dominance in the stablecoin industry.
