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“USDe Stablecoin Slides 24% in November”
Hero Portfolio
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Ethena’s synthetic-dollar stablecoin USDe saw one of its sharpest monthly contractions yet, dropping from $9.3B to $7.1B in November. About $2.2B in tokens were redeemed, highlighting the challenges synthetic stablecoins face compared to fiat-backed alternatives like USDT and USDC.
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A 24% slide in a month is massive—confidence is shaken.
