USDe PriceUSDE

RT @Jonasoeth: How can I miss Fluid → Dominating USDe & sUSDe Markets on DEXs @0xfluid is emerging as the undisputed leader in $USDe and $…

USDe go brrrr

RT @theempirepod: New episode with @Delphi_Digital’s Hivemind! 🔥 We discuss: - Ethena’s new $360M ENA vehicle - How USDe outcompetes other…

Ethena surges 21% daily to six-month high after $360M USDe deal as ENA breaks $0.54 resistance targeting $1. Ethena ($ENA ) has delivered a remarkable 21% single-day performance, with trading activity spanning from a session low of $0.465 to reach a six-month peak of $0.5885. This explosive move has pushed the token’s monthly gains beyond 113%, elevating its market capitalization to approximately $3.6 billion and securing a position among the top 32 cryptocurrencies by market value. The price surge comes in response to StablecoinX Inc’s announcement regarding a $360 million funding round aimed at acquiring $ENA tokens, alongside plans to list its Class A common stock on the Nasdaq Global Market under the “USDE” ticker symbol. What Is Ethena USDe? The $7B Synthetic Dollar Revolution Ethena operates as a stablecoin issuer and asset management protocol constructed on the Ethereum blockchain, delivering a crypto-native monetary solution independent of conventional banking infrastructure. The protocol’s flagship offering, USDe, represents a synthetic dollar mechanism that derives its stability not from traditional bank-held reserves but through a sophisticated combination of cryptocurrency assets and derivative instruments. In a recent regulatory development, crypto investment platform Anchorage Digital formed a strategic partnership with Ethena to introduce USDtb to United States markets, positioning it as the first stablecoin to establish a clear regulatory pathway toward complete U.S. GENIUS Act compliance. Despite the welcoming regulatory environment in the United States, Ethena faces mounting challenges in European markets under the developing MiCA regulatory framework, evident in its recent withdrawal from German operations following regulatory disputes with BaFin. Nevertheless, leading cryptocurrency protocols continue embracing Ethena’s synthetic dollar methodology. On July 22nd, Ledger, the renowned crypto hardware wallet manufacturer, incorporated USDe stablecoin functionality into its platform, enabling millions of users to seamlessly send, receive, and generate yield on their digital dollar positions. The Telegram-integrated TON blockchain network has similarly adopted USDe integration, offering users attractive yields of up to 19% APY on their stablecoin holdings through TON Wallet services. Cryptocurrency exchange Bybit has also added USDe to its trading platform, providing users with zero-fee conversion services between USDe and both USDT and USDC, while offering competitive 10% APR earning opportunities. Only Protocol With 10%+ Yields – Ansem’s ENA $1 Prediction The widespread adoption and utility have driven USDe’s circulating supply back to record highs, exceeding $7 billion, leading many analysts to suggest that ENA’s market valuation should reflect this fundamental growth. Prominent crypto influencer Ansem has presented his analysis, indicating that the $ENA chart pattern confirms a weekly breakout from an extended multi-month consolidation period. As the sole protocol operating a stablecoin that generates yields of 10%+ on billions in assets under management, he forecasts ENA trading above the $1 threshold in the medium term. Technical analyst Ali Charts has identified that $ENA requires a daily closing price above $0.54 to establish sufficient momentum for the next upward leg targeting the $1 level. ENA Breaks $0.54 Resistance: Technical $1 Target Activated On the Technical front, the ENA/USDT daily chart from Binance suggests a bullish continuation Following a prolonged downtrend that started in February, $ENA entered an extended accumulation phase between approximately $0.25 and $0.46. This sideways movement indicated a pause in bearish momentum, with market participants gradually accumulating positions. A significant breakout occurred recently as the price pushed above the key resistance zone at $0.5433, which is now being treated as a potential entry level. Should the bullish structure hold, the next targets are clearly defined. The first resistance and take-profit level is set at $0.8225, while the second and more ambitious target lies at $1.0045. On the downside, invalidation of the bullish setup would occur if $ENA closes below the support zone of $0.5350–$0.4940, with a stop-loss marked at $0.3930. Such a move would signal a failed breakout and possibly resume the downtrend.

USDe is going to reach 100B in supply in a few years. The demand for sUSDE, plus the the launch of @convergeonchain + @etherealdex + @stablecoin_x is one of the most masterful visions ever to be executed in DeFi. @gdog97_ is built different. Ethena is built different. $ENA