Ethena Labs’ stablecoin USDe has jumped to the third position among dollar-pegged tokens, overtaking FDUSD following a sharp rise in demand and institutional inflows.
USDe Market Cap Soars to $9.3 Billion
Since mid-July, USDe’s market capitalization has grown by 75%, reaching approximately $9.3 billion. This surge places it just behind Tether’s USDT ($164B) and Circle’s USDC ($63B) in the stablecoin rankings.
The spike coincides with the passing of the GENIUS Act, a comprehensive U.S. regulatory framework for stablecoins. Ethena’s recent custody partnership with Anchorage Digital has positioned USDe as a GENIUS-compliant product, likely driving trust and adoption among institutional players.
USDe now leads the second-tier stablecoin segment, with strong regulatory support and growing liquidity.
As demand for USDe increased, Ethena’s total value locked (TVL) also surged. The protocol now manages around $9.4 billion in assets, ranking seventh in DeFi.
USDe’s design is fully collateralized and delta-neutral, combining crypto asset reserves with short perpetual positions to maintain a $1 peg. Unlike failed algorithmic models such as UST, USDe is structured to withstand volatility through risk-managed hedging and diversified collateral, including Bitcoin, USDT, and USDC.
Yield Advantage Attracts Capital From DeFi and TradFi
USDe offers a return between 10% to 19% APY, making it an attractive choice in an environment where traditional fixed-income instruments, like U.S. Treasury yields, are offering lower returns. This yield model continues to attract yield-seeking investors from both DeFi and traditional finance.
USDe’s variable return structure makes it one of the highest-earning stablecoins on the market.
Stablecoin Sector Hits $257 Billion
The overall dollar stablecoin market has grown for seven consecutive months, expanding from $200 billion in January to $257 billion in early August. USDe’s share of that growth signals a major shift in investor preference toward yield-bearing digital dollars backed by transparent and regulated mechanisms.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
We use cookies to personalize content and ads, provide social media features, and analyze our traffic. In accordance with GDPR/AVG and EU cookie regulations, data is processed only with your consent. We may share information about your use of our website with our social media, advertising, and analytics partners, and you can manage or withdraw your consent at any time. View more
Cookies settings
Accept
Privacy & Cookie policy
Privacy & Cookies policy
Cookies list
Cookie name
Active
Privacy Policy
At BitxJournal.com, we respect your privacy and are committed to protecting your personal data. This Privacy Policy explains how we collect, process, store, and protect personal information in accordance with the General Data Protection Regulation (GDPR) and AVG (EU privacy legislation).
1. Data Controller
BitxJournal.com acts as the data controller for all personal data processed through this website.
2. Personal Data We Collect
We may collect and process the following categories of data:
Personal Data
Name and email address (when you subscribe to newsletters or contact us)
Technical & Usage Data
IP address, browser type, operating system
Device information
Pages visited, referral sources, and interaction data
This data is collected via cookies, log files, and analytics technologies.
3. Legal Basis for Processing
We process personal data only when a lawful basis exists, including:
Consent – when you explicitly agree (e.g., cookies, newsletter sign-up)
Legitimate interest – to operate, secure, and improve our website
Legal obligation – when required by applicable laws
You may withdraw your consent at any time.
4. Purpose of Data Processing
Your data is processed for the following purposes:
Operating and maintaining the website
Improving content, usability, and performance
Sending newsletters or updates (only with consent)
Analyzing traffic and user behavior
Responding to inquiries or support requests
5. Cookies & Consent Management
We use cookies and similar technologies in compliance with EU Cookie Law.
Non-essential cookies are placed only after explicit user consent
Users may accept, reject, or manage cookie preferences at any time
Consent can be withdrawn without affecting prior lawful processing
Detailed cookie information is available in our Cookie Settings panel.
6. Third-Party Data Processing
We may share limited data with trusted third-party service providers, including:
Analytics providers (e.g., Google Analytics)
Advertising partners (for personalized or non-personalized ads)
These third parties act as data processors and process data only under contractual obligations compliant with GDPR/AVG.
7. International Data Transfers
Where data is transferred outside the European Economic Area (EEA), we ensure appropriate safeguards are in place, such as Standard Contractual Clauses (SCCs) or equivalent legal mechanisms.
8. Data Retention
We retain personal data only for as long as necessary to fulfill the purposes outlined in this policy or as required by law.
9. Data Security
We implement appropriate technical and organizational security measures to protect personal data against unauthorized access, alteration, disclosure, or destruction.
10. Your GDPR Rights
Under GDPR/AVG, you have the right to:
Access your personal data
Rectify inaccurate or incomplete data
Request data erasure (“right to be forgotten”)
Restrict or object to processing
Data portability
Withdraw consent at any time
Lodge a complaint with a supervisory authority
11. Changes to This Privacy Policy
We reserve the right to update this Privacy Policy at any time. Any changes will be posted on this page with a revised effective date.
12. Contact Information
For privacy-related inquiries or GDPR requests, contact:
