CryptoQuant Reveals Two Key Metrics to Predict Ethena USDe’s Future

Ethena’s USDe, a synthetic US dollar protocol on Ethereum, has quickly gained traction with a market cap exceeding $2 billion. Unlike traditional stablecoins, USDe is not backed by physical US dollars or over-collateralized with cryptocurrencies. Instead, it maintains its dollar peg through a sophisticated strategy of delta hedging its crypto collateral. Is Ethena’s USDe Doomed? 2... source: https://beincrypto.com/two-metrics-to-predict-ethena-usde-fate/