usde

Ethena officially announced the launch of the Monad blockchain on platform X. USDe and sUSDe are now available throughout the Monad ecosystem, including integration with Monad's Aave instance, allowing Ethena users to borrow stablecoin liquidity at scale.In addition, the parallelized EVM USDe has now been launched.

According to The Block, BlackRock and Ethena Labs announced a deepened collaboration, with USDe becoming a recognized cryptocurrency asset on BlackRock's Aladdin platform, which manages $25 trillion in institutional investment and risk management.The two parties will provide a $100 million liquidity arrangement for BlackRock's tokenized treasury fund BUIDL through the tokenization platform Securitize. Eligible BUIDL clients can exchange tokens for stablecoins such as USDC and USDtb during off-market hours, or convert them back to BUIDL.Robert Mitchnick, Global Head of Digital Assets at BlackRock, stated that this arrangement provides the essential frictionless interoperability needed for the tokenized treasury fund; Ethena founder Guy Young mentioned that the next phase of digital asset adoption will be driven by infrastructure that allows traditional institutions to access on-chain products through familiar systems.BlackRock and Ethena had previously collaborated around the stablecoin USDtb (primarily supported by BUIDL). BUIDL is set to launch on Ethereum in 2024 and is one of the largest tokenized U.S. Treasury funds globally, currently with a total locked value of approximately $3 billion.

According to on-chain analyst Ai Yi's monitoring, a certain whale has increased its position again after half a month. Three hours ago, it spent 10 million USDe to buy 5,817.33 ETH at an average price of $1,718.88; since May 18, it has cumulatively invested $30.6 million to build its ETH position, far exceeding the previous wave amount.

Ethena's official announcement states that the first product launched in collaboration with Coinbase is now officially online, which is the stablecoin yield pool introduced by SteakhouseFi. This product operates based on USDe on Morpho and is now directly available in the Coinbase App, accessible to users in the United States and overseas.

According to data from Tom Wan (@tomwanhh), the market capitalization of the stablecoin USDG has surpassed 3 billion dollars, with nearly 700 million dollars added on the Solana network.At the same time, the market capitalization of USDe on the Solana network has also seen significant growth, skyrocketing from 3.5 million dollars in a single day to 70 million dollars, an increase of 20 times.

According to The Block, Solana ecosystem infrastructure provider Jupiter has commissioned Bitwise to create a segregated dedicated lending market for USDe on Jupiter Lend, marking the first time an institutional asset management firm has orchestrated a market on Jupiter Lend. This market will be isolated from the existing liquidity layer of Jupiter Lend to reduce the risk of institutional capital. Jupiter also utilizes the decentralized protocol Fluid to provide lending and collateral infrastructure support. Bitwise DeFi Strategy Director Jonathan Man stated that this design offers deep liquidity and risk mitigation features. USDe issuer Ethena Labs CEO Guy Young stated that USDe is an institutional-grade savings product built for scalability.

According to official news, Ethena announced the launch of a dedicated USDe market on Jupiter Lend, which is completely independent of the existing Jupiter Lend deployment. Bitwise is responsible for on-chain asset management and risk supervision, and institutional participation is supported. Users can now deposit USDe on Jupiter Lend, engage in lending, and execute leveraged USDe strategy operations.In addition, USDe can also be bridged to the Solana network through Stargate Finance.

According to Cointelegraph, data shows that the transfer volume of stablecoins has decreased by 19.18% to $831 billion over the past 30 days compared to the previous period, but the total market capitalization of stablecoins has still increased by 2.06% to $30.529 billion, with the number of holders rising by 2.32% to 246.94 million.In terms of net inflows over the past 30 days, Tether's USDT leads with $3.6 billion, followed by Circle's USDC ($2 billion) and MakerDAO's DAI ($1.2 billion). Meanwhile, Ethena's USDe saw the largest net outflow, reaching $1.1 billion.

Ethena officially announced that the LayerZero cross-chain bridge functionality for sUSDe and USDe has been relaunched on all chains. To enhance security, Ethena has upgraded the decentralized verification network (DVN) configuration on each chain from 2/2 to 4/4, while maintaining the existing rate limit of $10 million per hour. The official statement indicated that further updates will be provided as necessary.

Ethena announced that the unbonding cooldown period for sUSDe will change to a dynamic mechanism, linked to the amount of liquid stablecoins in the USDe reserves. This means that the current unbonding period for sUSDe, which has been a fixed 7 days since the project launched, will be adjusted to just 1 day. In the future, the cooldown period will dynamically vary between 1 day and 7 days based on the composition of liquid assets in the USDe reserves.

The Compound Foundation announced that USDe has been added as collateral for USDC and USDT Comets in the Compound v3 mainnet.

suiUSDe, supported by Ethena, has launched on the Sui mainnet, becoming the network's first "synthetic dollar" token. SUI Group has established a new suiUSDe yield vault on Bluefin's Ember Protocol, with an investment of 10 million dollars.

According to CoinDesk, the Brazilian Congress's Science, Technology, and Innovation Committee has approved a bill report aimed at banning algorithmic stablecoins.The bill will prohibit the issuance or trading of stablecoins like USDe from Ethena and Frax, which maintain their value through algorithms rather than fully collateralized assets, requiring all stablecoins issued in Brazil to be fully backed by segregated reserve assets. The bill also raises transparency requirements and classifies the issuance of uncollateralized stablecoins as a new criminal offense, with violators facing up to eight years in prison. For stablecoins issued abroad (such as USDT and USDC), the new regulations require that only companies authorized to operate in Brazil can offer such assets, and exchanges are responsible for ensuring that their issuers comply with regulatory standards similar to those in Brazil, or else they must bear the related risk management responsibilities themselves. The bill still needs to be reviewed by Brazil's Finance and Taxation Committee and the Constitution, Justice, and Citizenship Committee before being submitted to the Senate to become formal law.

Coinkarma founder Benson Sun stated that Binance is indeed responsible for the crash on 1011, but the core issue does not lie with USDe, as the timeline does not match. The lowest point of the market crash was at 5:20, while USDe reached its lowest point of $0.65 at 5:54. The extreme de-pegging occurred 30 minutes after the market began to rebound, indicating that the extreme de-pegging of USDe was a secondary disaster rather than the trigger for the crash.Benson indicated that based on an analysis of extreme market conditions over the past six years, the price difference between Binance and other trading platforms during each extreme event has typically been within 5%. However, on the day of 1011, more than half of the cryptocurrencies had the lowest prices on Binance, with many deviations exceeding 50% or even 100%. Such a scale of price misalignment has not been seen in any previous black swan events. Additionally, at that time, the price of the same cryptocurrency in the USDT trading pair was significantly lower than that in the USD trading pair. This suggests that there was likely a problem with Binance's system at that time.If the point of failure was elsewhere, the most liquid Binance should not have the lowest prices. Furthermore, the withdrawal of liquidity by market makers is not the main cause. The public opinion expressed by OKX Star has sparked discussion, which is a good thing, but the focus may have been misplaced.

Binance released a review report on the market flash crash event, stating that the main driving factors of market turbulence include macroeconomic shocks, risk control mechanisms of market makers, and congestion on the Ethereum network. Individual issues on the platform were not the cause of this market flash crash.The three tokens widely mentioned as decoupled (USDe, BNSOL, WBETH) experienced their decoupling at 05:36 (UTC+8), later than the time window of the most severe market fluctuations from 05:10 to 05:20 (UTC+8), and approximately 75% of liquidations had already occurred before the decoupling of these three tokens on that day. The main driving factor of this event was the overall risk-averse sentiment in the market and the chain reaction triggered by liquidations, rather than individual anomalies on the platform.Throughout the process, Binance's core matching engine, risk verification, and liquidation systems remained stable and did not experience interruptions. In the report, Binance acknowledged two technical failures that occurred on that day: first, during the period from 05:18 to 05:25 (UTC+8), during a concentrated market sell-off, the asset transfer subsystem of Binance experienced a performance degradation of about 33 minutes, affecting some users' ability to transfer funds between spot, wealth management, and contract accounts. The matching, risk control, and liquidation systems continued to operate normally, and individual users seeing their balances displayed as "0" was a front-end display issue, not a loss of assets; second, from 05:36 to 06:15 (UTC+8), under conditions of a significant drop in market order book depth, on-chain congestion, and slowed cross-platform rebalancing, the indices for USDe, WBETH, and BNSOL showed abnormal deviations. The report stated that during times of thin liquidity and slowed cross-platform capital flow, the price fluctuations within the platform accounted for an excessively high proportion in the index calculation.

According to Onchain Lens monitoring, a whale involved in circular lending has further purchased 985.5 XAUT in the past 24 hours, spending 4.98 million USDe. Currently, this whale holds 11,029.5 XAUT, worth 55.98 million USD, with an unrealized profit of 5.86 million USD.

According to OnchainLens monitoring, as gold briefly broke through $5,000, a whale employing a circular lending strategy purchased an additional 604.65 XAUT using $3 million USDe in the past 24 hours. Currently, this whale holds a total of 10,044 XAUT, worth approximately $50.2 million, with an unrealized profit of about $5.07 million.Address: 0x85220e6aa75238ba9c80353c6330ebee5142230e

According to Onchain Lens monitoring, a giant whale is engaging in circular lending and has purchased 9,439 XAUT at a price of $4,463 using 42.13 million USDe over the past 25 days. The current floating profit is $3.45 million.