In the last two weeks, Ethena Labs' stablecoin USDe has attracted record capital inflows, surpassing USDT and USDC.
USDe Capital Inflows
USDe recorded capital inflows of $2,733.5 million. According to market analyst Satoshi, USDT came in second with $2,478.6 million, while USDC was third with $1,006.3 million.
Growth of Ethena and USDe
The success of USDe reflects a significant interest in yield-bearing stablecoins. USDe's supply surged by over 75% in recent months, leading Ethena to become the sixth-largest DeFi platform with a TVL of $10.301 billion.
Market Positions of Stablecoins
USDe maintains its leading position in the yield-bearing stablecoin sector, with the increase in value of Ethena’s native token (ENA) by 34.4% over the past week highlighting the growing popularity of this asset.
The initiatives offered by USDe and the Ethena platform indicate a new direction in the stablecoin market, potentially reshaping conventional views on yield and stability.
