Ethena Labs has announced that the total value locked (TVL) in its stablecoin products, USDe and USDtb, has surpassed $16 billion, marking a new historical high. This growth reflects increasing investor confidence and demand for Ethena's stablecoin offerings. The surge in TVL comes shortly after Binance introduced a USDe rewards program, offering an annualized yield of up to 12%. This initiative is likely contributing to the heightened interest and investment in Ethena's stablecoins, further solidifying their position in the market.
Ethena Labs' Stablecoin TVL Surpasses $16 Billion Milestone
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