Will Ethena crash like UST? I don’t think so
Ethena's USDe will not collapse, but Ethena will produce marginal effects as the market size increases, and it is very likely that USDe's revenue will be infinitely close to zero.
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Ethena's USDe will not collapse, but Ethena will produce marginal effects as the market size increases, and it is very likely that USDe's revenue will be infinitely close to zero.
Ethena Labs' USDe stablecoin faces scrutiny amid comparisons to Terra's troubled history, prompting reflection on risk management strategies.
On April 18-19, 2024, the TOKEN 2049 Dubai conference co-organized by Bingx, M2, DWF LABS, ZEEBU, DOP, KUCOIN, CoinW, TRON, and telos will be held at the Madinat Jumeirah Resort in Dubai.
Ethena was launched on Binance on April 2 and performed well, attracting widespread attention in the cryptocurrency market. Among them, Arthur Hayes, an early investor, cheered for it on social media, further highlighting its potential influence in the market.
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Bybit has forged a strategic alliance with Ethena Labs, bringing forth Ethena's USDe stablecoin to the Bybit platform. USDe, a decentralised monetary solution, operates independently from traditional banking systems. It leverages delta-hedging staked Ether (ETH) for comprehensive collateral backing.
While some exchanges are keen on embracing crypto and crypto products, others have indicated a more ambivalent outlook
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