StablecoinX bets on Ethena ecosystem with Nasdaq debut on Friday
CoinTelegraph·
60-second summary
StablecoinX is betting on Ethena ecosystem as it prepares for its Nasdaq debut on Friday. The move comes as USDe, a stablecoin, has seen its circulating supply shrink by 70% since the October bull market peak, when it reached $14 billion, indicating a significant reduction in demand for the asset, which may have a negative impact on the stablecoin market.
USDe circulating supply has shrunk by 70% since the October bull market peak, when it topped $14 billion.