USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It is a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg to the US dollar. USDE quietly leads the niche stablecoin market The $212 billion niche stablecoin market is currently dominated by Tether (USDT) and USDC, but a new entrant has quietly entered (...)

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