The USDe stablecoin created by Ethena has demonstrated significant growth in market capitalization, increasing by 75% within a month due to the launch of a new arm and capital allocation strategy.
USDe Market Cap Increase
From July 17 to August 4, 2025, the market cap of USDe surged from $5.33 billion to over $9.3 billion. This achievement is linked to the launch of its treasury and capital allocation program.
Founder of Ethena's Announcements
Guy Young, founder of Ethena, announced rapid growth in USDe supply on his Twitter account. Over $3.1 billion of new tokens have been minted during this period, making USDe the third-largest stablecoin in the market.
> "USDe supply over the past 20 days has outpaced those seen across all BTC ETFs and BlackRock’s ETHA ETF" — Guy Young, Founder, Ethena.
Long-Term Prospects for USDe
The increase in USDe supply has positive effects on liquidity and user participation, with Ethena's Total Value Locked reaching $9.53 billion. Staked USDe now offers an 11% APY. The focus on stability and DeFi integration indicates potential for ongoing growth.
In summary, the increase in USDe's market capitalization may signify positive changes in the DeFi sector and Ethena's strengthening position in the cryptocurrency market.
