• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Treasury BV's Landmark Bitcoin Acquisition Backed by Winklevoss

    Treasury BV to Acquire 1,000 Bitcoins Backed by Winklevoss

    Bitcoin ETFs Draw $332M Influx Amid Price Boost

    Bitcoin ETFs Draw $332M Influx Amid Price Boost

    Bitcoin ETFs Register $332M Inflow, Boost BTC Price

    Bitcoin ETFs Register $332M Inflow, Boost BTC Price

    Bitcoin ETFs Gain $332M, Ethereum Sees Capital Shift

    Bitcoin ETFs Gain $332M, Ethereum Sees Capital Shift

    CIMG Inc. Completes $55M Bitcoin Purchase via Share Sale

    CIMG Inc. Completes $55M Bitcoin Purchase via Share Sale

    BlackRock Acquires $72.9 Million in BTC for Spot ETF

    BlackRock Acquires $72.9 Million in BTC for Spot ETF

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    The Role of XRP Army and Its Impact on SEC Lawsuit

    XRP Army Influences Ripple’s Legal Battle With SEC

    Ripple's Legal Victory: XRP Deemed Non-Security by SEC

    XRP Community Influence Shapes Ripple’s SEC Case Outcome

    Ethereum Validator Queue Reaches Two-Year Peak

    Ethereum Validator Queue Reaches Two-Year Peak

    Ethereum Validator Queue Reaches Two-Year High at 860,000 ETH

    Ethereum Validator Queue Reaches Two-Year High at 860,000 ETH

    Dogecoin ETF Filing by REX Shares and Osprey

    Dogecoin ETF Filing by REX Shares and Osprey

    REX-Osprey Pursues Dogecoin ETF as DOGE Price Rises

    REX-Osprey Pursues Dogecoin ETF as DOGE Price Rises

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Ethena’s USDe Reaches $5.7B Cross-Chain Volume Milestone

Solomon M. by Solomon M.
August 9, 2025
in Altcoin News
futuristic financial cityscape
Key Takeaways:
  • Ethena’s USDe achieves $5.7B cross-chain trading.
  • Third-largest synthetic dollar by volume.
  • Supported by Binance Labs and Dragonfly Capital.
ethenas-usde-reaches-5-7b-cross-chain-volume-milestone
Ethena’s USDe Reaches $5.7B Cross-Chain Volume Milestone

Ethena’s synthetic dollar USDe has reached a cross-chain volume of $5.7 billion, becoming the third-largest synthetic dollar by market cap, supported by Dragonfly Capital and Binance Labs.

MAGA

The surge highlights Ethena’s growing influence in decentralized finance, driving increased liquidity and adoption across 23 networks, potentially impacting Ethereum and Bitcoin derivatives through expanded crypto derivatives activities.

Ethena’s synthetic dollar USDe has exceeded $5.7 billion in cross-chain volume, securing the position as the third-largest synthetic dollar by market capitalization. This highlights the strong traction and influence of synthetic stablecoins within the cryptocurrency ecosystem.

Key players involved in this growth include Ethena’s team, with prominent backing from Dragonfly Capital and Binance Labs. Their support has been pivotal in driving adoption and ensuring liquidity across 23 blockchain networks via LayerZero integration.

Impact on DeFi and Market Dynamics

The rise of USDe impacts DeFi markets, enhancing liquidity and accessibility across numerous blockchain platforms. This achievement underscores the role of stablecoins in facilitating efficient interchain transactions and providing stable value in volatile markets.

Financially, USDe’s model of using crypto derivatives and hedging rather than fiat reserves promotes capital efficiency. It differentiates itself in a crowded market, influencing both institutional and retail investors’ preferences in synthetic assets.

Historical Context and Future Outlook

Historical parallels exist in the form of DAI and FRAX’s market surges, indicating potential for governance token value growth if applicable. Ethena may push regulatory and operational boundaries within the synthetic asset space as adoption increases.

Potential outcomes of USDe’s growth include increased regulatory scrutiny and technological innovations in the stablecoin sector. Historical market data suggests such growth can positively affect collateral assets like ETH and BTC, enhancing broader crypto market stability.

Industry Insights and Perspectives

Guy Young, Co-founder, Ethena Protocol, stated, “The $5.7 billion cross-chain volume illustrates the burgeoning demand for synthetic assets and the strong trust placed in USDe across multiple platforms.” – source

An industry analyst noted, “The performance of USDe is reminiscent of previous successful synthetic stablecoins, indicating a potentially transformative moment for DeFi markets.” Further exploration of the crypto trading landscape reveals various strategies and options for engaging with synthetic and traditional assets.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Arthur Hayes Reacquires Ethereum After Higher Price Sale

Next Post

Ethena’s USDe Reaches $5.7B in Cross-Chain Volume

Solomon M.

Solomon M.

Related Posts

The Role of XRP Army and Its Impact on SEC Lawsuit

XRP Army Influences Ripple’s Legal Battle With SEC

by Solomon M.
September 4, 2025

XRP Army's pivotal role in Ripple's SEC lawsuit resolution impacts market and legal outcomes.

Ripple's Legal Victory: XRP Deemed Non-Security by SEC

XRP Community Influence Shapes Ripple’s SEC Case Outcome

by Solomon M.
September 4, 2025

XRP's legal status clarified as Ripple concludes SEC lawsuit, guided by community efforts.

Ethereum Validator Queue Reaches Two-Year Peak

Ethereum Validator Queue Reaches Two-Year Peak

by Solomon M.
September 4, 2025

Ethereum validator entry queue surges to a two-year high, with over 860,000 ETH awaiting staking, reflecting institutional strategy shifts and...

Ethereum Validator Queue Reaches Two-Year High at 860,000 ETH

Ethereum Validator Queue Reaches Two-Year High at 860,000 ETH

by Solomon M.
September 4, 2025

Ethereum validator entry queue hits a two-year high with 860,000 ETH due to institutional demand and network upgrades.

Dogecoin ETF Filing by REX Shares and Osprey

Dogecoin ETF Filing by REX Shares and Osprey

by Solomon M.
September 4, 2025

REX Shares and Osprey Funds file for a Dogecoin ETF, under SEC review.

REX-Osprey Pursues Dogecoin ETF as DOGE Price Rises

REX-Osprey Pursues Dogecoin ETF as DOGE Price Rises

by Solomon M.
September 4, 2025

REX-Osprey hints at launching a Dogecoin ETF, boosting DOGE's price and market anticipation.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.