The stablecoin USDe issued by Ethena Labs has reached a circulation of 3.568 billion

On June 22, according to Etherscan data, the stablecoin USDe issued by Ethena Labs has reached a circulation of 3,568,048,089.4 coins. USDe is an Ethereum-based stablecoin backed by derivatives and achieves price stability through "delta neutral" hedging in centralized and decentralized venues. To create USDe, Ethena allows users to use dollars, ETH or liquidity pledge tokens as collateral.