On November 15, Guy Young, founder of Ethena Labs, announced that the supply of USDe has started to grow at an exponential rate. In the last three weeks, the new supply has exceeded $700 million, surpassing PayPal’s PYUSD or BUIDL’s total supply. Ethena Labs plans to integrate with Aave in the near future, providing USDe with billions of supply needs within the next month.
Additionally, the company will list its collateral on two new centralized exchanges in the coming weeks.
