Ethena Sees $1B Inflows as Crypto Rally Brings Back Double-Digit Yields

USDe is marketed as a “synthetic dollar” with its price anchored at $1. It uses bitcoin {{BTC}} and ether {{ETH}} as backing assets, pairing them with an equal value of short perpetual futures …

Full story: https://markets.businessinsider.com/news/currencies/ethena-sees-1b-inflows-as-crypto-rally-brings-back-double-digit-yields-1034038566