Ethereum Stablecoin Developer Ethena Surpasses Epic Milestone

Next-gen Ethereum stablecoin USDe sets new milestone, attracts millions of dollars ethena ethereum eth ethnews ethusdt usde stablecoin $usde $eth

derivatives and a hedging mechanism, Ethena aims to ensure that the value of USDe remains pegged to the dollar.The key to this solution lies in the innovative use of collateral from users, allowing the platform to effectively hedge price exposure through shorting Ethereum via perpetual swaps. Through a balanced combination of staked

and derivatives, Ethena aims to neutralize any potential gains or losses, safeguarding the stability of USDe.

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