Ethera Labs Supplied $1 Billion Worth of USDe Despite Bleeding Market

IconCryptoNewsTerminal Staff13 Jun, 2024

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Ethera Labs Supplied $1 Billion Worth of USDe Despite Bleeding Market

Ethera Labs, the issuer of the stablecoin USDe, has supplied 1 billion worth of USDe despite the bleeding market last month. Ethera Labs founder Guy Young said, “We supplied 1 billion worth of USDe despite the bleeding market last month. USDe is now the largest yielding dollar, larger than the entire RWA tokenized bond market combined.” USDe is a stablecoin that is pegged to the US dollar. It is backed by a basket of fiat currencies and other assets. USDe is designed to be a safe and stable store of value, and it can be used for a variety of purposes, such as payments, savings, and investment. The fact that Ethera Labs was able to supply 1 billion worth of USDe despite the bleeding market last month is a testament to the strength of the USDe stablecoin. USDe is a safe and stable store of value, and it is backed by a strong team of experienced professionals.

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