{"id":701887,"date":"2025-12-03T13:30:17","date_gmt":"2025-12-03T10:30:17","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/ethenas-synthetic-usde-contracts-sharply-as-dollar-backed-stablecoins-expand\/"},"modified":"2025-12-03T13:30:17","modified_gmt":"2025-12-03T10:30:17","slug":"ethenas-synthetic-usde-contracts-sharply-as-dollar-backed-stablecoins-expand","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethenas-synthetic-usde-contracts-sharply-as-dollar-backed-stablecoins-expand\/","title":{"rendered":"Ethena\u2019s synthetic USDe contracts sharply as dollar-backed stablecoins expand"},"content":{"rendered":"

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Ethena\u2019s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions.<\/p>\n

Ethena\u2019s synthetic-dollar stablecoin USDe saw one of its sharpest monthly contractions yet, while fiat-backed stablecoins including USDT, USDC and PYUSD attracted billions in inflows.\u00a0<\/p>\n

CoinGecko data showed that Ethena\u2019s USDe stablecoin fell<\/a> from a market capitalization of $9.3 billion on Nov. 1 to $7.1 billion on Nov. 30. The token saw about $2.2 billion in redemptions, marking a 24% decline in supply in November.\u00a0<\/p>\n

Ethena\u2019s USDe is a synthetic stablecoin that maintains its dollar peg through trading strategies with crypto and futures contracts rather than holding actual dollars. USDe outflows mean that users are either selling USDe on the open market, withdrawing from pools or unwinding their positions on decentralized app<\/a>lications (DApps).<\/p>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Ethena\u2019s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions. Ethena\u2019s synthetic-dollar stablecoin USDe saw one of its sharpest monthly contractions yet, while fiat-backed stablecoins including USDT, USDC and PYUSD attracted billions in inflows.\u00a0 CoinGecko data showed that Ethena\u2019s USDe stablecoin fell…<\/p>\n","protected":false},"author":1,"featured_media":701888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-12\/019ae31d-a3c7-7f7d-be97-0b16b6c2d1ee","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74894,75936,74863,74868,75493,72366,36041],"class_list":["post-701887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-blockchain","tag-circle","tag-cryptocurrencies","tag-defi","tag-stablecoin","tag-data","tag-tether"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/701887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=701887"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/701887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/701888"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=701887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=701887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=701887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}