USDE surpasses FDUSD to become the fourth largest stablecoin
Over the weekend, Ethena's synthetic stablecoin USDE reached a market value of $3 billion. As of June 2, 2024, the market value of USDE was about $3.02 billion, surpassing FDUSD's $2.9 billion. After breaking through the $3 billion mark, USDE has become the fourth largest stablecoin. About 13,238 unique addresses hold USDE, and since its launch, the token has been transferred 395,430 times.
Ethena's smart contract address holds the most tokens, with 1.21 billion USDE, accounting for 40.16% of the total supply, while the LP staking address of Ethena holds the second highest amount, with 511.2 million USDE, accounting for 16.92% of the circulating supply.
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