USDe Supply Surges Past $700 Million: Aave Integration and New Listings Poised to Propel Growth

In a recent update from COINOTAG on November 15th, Guy Young, the founder of Ethena Labs, highlighted the remarkable uptick in the supply of USDe. Over the past three weeks, an impressive $700 million has been injected into the supply, positioning USDe to exceed the existing supply of both PayPal’s PYUSD and BUIDL. This exponential growth is indicative of the increasing demand for digital assets. Additionally, an imminent announcement regarding an Aave integration is anticipated, which could escalate supply demands for USDe potentially into the billions over the coming month. Furthermore, traders can expect new listings of collateral on two prominent centralized exchanges set to roll out within the next week, further enhancing USDe’s market accessibility. This convergence of events signals a pivotal moment for USDe in the evolving cryptocurrency landscape.