Why Analysts are Calling Ethena (ENA) the Biggest Altcoin Bet This Cycle

Ethena’s synthetic dollar, USDe, has hit a $10 billion market cap in just 500 days. The move cements its position as one of the fastest-growing stablecoins in crypto history. However, there remains skepticism about USDe, with some analysts suggesting it may be the UST of this cycle. Ethena and USDe Stablecoin’s $10 Billion Milestone Sets Stage for Next Growth Phase Ethena broke $10 billion in TVL (Total Value Locked) on Sunday, nearly doubling in less than a month source: https://beincrypto.com/ethena-usde-stablecoin-growth/