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State of Stablecoin: Can Ethena’s USDe Tackle What UST Failed to Solve?

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Crypto Insights

Jun 11, 2024

6 min read

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This well-curated report by Bybit looks at the current state of stablecoin, dives into the development of USDe, and sheds light on whether USDe can tackle what UST failed to solve.

USDT extends its position as the market leader, with some leading stablecoins experiencing a contraction in supply. USDe stands out and has become one of the top 4 stablecoins in a short period of time.

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