Ethena’s USDe Stablecoin TVL Declines Over 50% Since October
The synthetic stablecoin’s total value locked dropped from $14.8 billion to $7.6 billion, according to data reported by The Block.
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Summary
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Terms & Concepts
Synthetic stablecoin: A blockchain-based digital currency designed to maintain a stable value, often backed by derivatives or other synthetic financial instruments.
Total Value Locked (TVL): The aggregate value of assets deposited in a blockchain protocol, used as a measure of its size and user activity.