The supply of the USDe stablecoin developed by Ethena Labs has reached a record $12 billion, indicative of increasing interest in DeFi and the new collateral strategies implemented.
Record Achievement in USDe Supply
As of August 24, 2025, the supply of USDe reached $12 billion, making it the third largest stablecoin by market capitalization. This growth of 75% within a month highlights increasing interest and trust among institutional investors in this asset.
Collateral Strategies by Ethena Labs
Ethena Labs has implemented new collateral strategies, including the use of BNB for supply management. These changes aim to improve risk management and strengthen the position of USDe in the market.
Impact on DeFi and Financial Outcomes
The increase in USDe's supply has had a significant impact on the DeFi ecosystem, enhancing liquidity and market depth. Ethena Labs reported over $500 million in cumulative profits. The success of the stablecoin is also linked to its strategic listings on platforms like Coinbase Prime.
By reaching a record $12 billion, USDe continues to strengthen its market significance, providing additional liquidity for DeFi and attracting new participants through innovative collateral management approaches.
