The USDe stablecoin from Ethena Labs has reached a milestone of $12 billion in supply, drawing attention to its impact on the market and DeFi protocols.
USDe Supply Increase
Ethena Labs has announced that the supply of USDe has reached $12 billion as of August 24, 2025. This increase occurred in less than two months after surpassing the $10 billion mark, which took 500 days to achieve.
Liquidity Growth in DeFi
As the supply of USDe increases, its impact on liquidity in the decentralized finance ecosystem is significant. This could lead to improved liquidity across various protocols utilizing USDe, potentially creating additional yield opportunities.
Market Snapshot of USDe
On August 24, 2025, USDe holds a market capitalization of $12.07 billion with a trading volume of $149.48 million, showing a 47.65% decrease over the last 24 hours. The value of USDe remains stable at $1.00, having seen a slight increase of 1.67% today.
The achievement of a $12 billion supply for USDe underscores the growing market adoption and its implications for decentralized finance platforms, potentially leading to increased stablecoin usage.
