Ethena USDe priceUSDe

The top two stablecoins in the market: USDT and USDC. No yield for holders. The top two challenger stablecoins: USDe and USDS. Yield for holders. Interesting.

🔥 Just in: The $SUI ecosystem just rolled out its first native stablecoins, suiUSDe and USDi through a new partnership between SUI Group, $ENA , and the Sui Foundation.

🚨💵 An overview of stablecoins & tokenized money market funds: ▪️ The stablecoin category is growing increasingly diverse & competitive ▪️ Top 5 issuers based on supply: Tether, Circle, Ethena, Sky, and WLFI ▪️ Networks with over $10B in natively minted stablecoins: Ethereum, Tron, and Solana ▪️ Most of the challenger stablecoins pay yield: USDe, USDS, BUIDL, USDG, AUSD, etc. ▪️ USD stablecoins dominate, with few alternative currencies, such as EUR, in the top 100 ▪️ The biggest stablecoin by supply: USDT on Ethereum ▪️ The fastest growing stablecoin (on a % basis): Ethena's USDe on Ethereum What did we miss? Let us know in the comments.

Pretty cool quiz that literally reveals who UR (A+ for pun lol) with a personalised UR IDentity claim via your X handle. It’s FCFS & limited w/ no utility yet, but feels like a something ahead of public launch. FYI: UR is the first borderless crypto-native money app, built to bridge digital assets <> fiat with a TradFi-grade experience while being natively tied to DeFi. Have given beta access to @UR_global smart money app for spending + off-ramp features & UX has pretty smooth & great so far. Key features worth noting: 🔹 Seamless Crypto ↔ Fiat → Instantly convert across wallets/chains to fiat with near-zero fees. 🔹 Native DeFi-Yield Integration → Simply hold USDe in-app to auto-accrue rewards, embedding DeFi yields into everyday finance. 🔹 Borderless Infra → Swiss fintech licensing w/ full KYC/AML, Mastercard debit card support across 45+ countries, and linked Swiss IBANs (SEPA, SWIFT, SIC) for direct banking rails. 🔹 Efficient Transfers → Instant P2P via UR IDs or QR, plus FX conversions at bank rates. TLDR: UR basically bundles all the idealised TradFi money app features, but powered natively by DeFi. This app is built for both crypto-native users & broader retail seeking smooth, compliant exposure. PS: UR is available across desktop + mobile (iOS, Android) Do get UR IDentity while it lasts👇

Another Ethereum re-entrancy attack as @pendle_fi gets exploited - ongoing. As of September 30, 2025 (around 4:44 PM GMT), multiple X users have flagged suspicious activity on Pendle Finance, a leading DeFi yield tokenization protocol. The claims describe a malicious actor minting Principal Tokens (PT) for Pendle's wrapped version of Ethena's USDe (pUSDe) without depositing underlying assets—essentially creating them "out of thin air"—then dumping them on markets to extract value. Over $1 million in ETH has reportedly been withdrawn from the attacker's address so far, with fears of escalation.This echoes tactics from past DeFi exploits, like the September 2024 Penpie hack (a Pendle-integrated yield optimizer), where attackers created "evil markets" with fake contracts to inflate rewards and drain ~$27M in assets (converted to 11,109 ETH). The exploiter is allegedly calling Pendle's minting functions (via mintPY or similar) on a malicious Standard Yield (SY) contract for pUSDe, bypassing collateral requirements. This floods the market with discounted PT-pUSDe tokens, which are then swapped for ETH or other assets. PT tokens represent the principal portion of yield-bearing assets (e.g., locked USDe), redeemable at maturity minting them without backing devalues pools and enables dumps. Extracted Funds: Initial traces show ~$1M+ in ETH bridged/withdrawn, per wallet monitoring. No confirmed total loss yet, but rapid dumping could cascade into liquidity crunches. Affected Assets: Primarily PT-pUSDe (Pendle-wrapped USDe from Ethena). pUSDe ties into Ethena's synthetic dollar ecosystem, which has seen heavy Pendle integration for fixed-yield strategies.