Data: USDe issuance exceeds 2.95 billion

According to Etherscan data, the stablecoin USDe issued by Ethena Labs has reached a circulation of 2,988,857,423.4. It is reported that USDe is an Ethereum-based stablecoin, which is collateralized by derivatives and achieves price stability through "delta-neutral" hedging in centralized and decentralized venues. To create USDe, Ethena allows users to use USD, ETH or liquidity collateral tokens as collateral.