The supply of USDe has increased by 4.69% in the past week, with its current market value exceeding 3.5 billion US dollars

The supply of USDe, a stablecoin under Ethena Labs, has increased by 4.69% in the past week, equivalent to 158 million tokens. According to CoinGecko data, the total market value of USDe is currently $35.23 billion, making it the fourth largest stablecoin by market value.

As of June 16th, 2024 (Sunday) at 6:30 PM Eastern Time in the United States, USDe's market cap was $979 million higher than FDUSD managed by First Digital Labs - which is ranked as fifth largest stablecoin. However, USDe's daily trading volume is approximately $28.58 million USD which is significantly lower than FDUSD's $1.12 billion.