The USDe stablecoin’s market supply surges to $12 billion, a significant milestone following the passage of the GENIUS Act, which encourages yield-bearing stablecoins.
Ethena Labs announced that the total supply of USDe stablecoin has reached an all-time high of $12 billion, marking a significant increase from $5.33 billion in mid-July. This surge, achieved in less than 40 days, follows the passage of the GENIUS Act, which has driven the growth of yield-bearing stablecoins.