ENAUSDT Ethena's USDe supply has surged by 75% over the past month, reaching $9.3 billion and surpassing FDUSD to become the third-largest stablecoin by market cap, behind only USDT and USDC. At the same time, Ethena has also risen to become the sixth-largest DeFi protocol by total value locked (TVL).
ENAUSDT ENA price jumps 5% in the last hour after the project announced a $360M “StablecoinX” PIPE deal, foundation initiates $260M open market buyback
ENAUSDT South Korea's largest crypto exchange, Upbit, will list ENA trading pairs with KRW, BTC, and USDT, with trading starting at 5:00 PM local time on July 11. Ethena is a Delta-neutral stablecoin protocol based on ETH.