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Virtuals Protocol VIRTUAL |
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$0.5368241 |
-11.04% (24h) |
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Marketcap |
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$349,633,299 |
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Volume 24h |
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$88,437,418 |
Description
Ethena USDe is a decentralized stablecoin platform designed to provide users with a stable and secure alternative to traditional fiat currencies. The USDe stablecoin is pegged to the value of the U.S. dollar and is designed to be decentralized, meaning it is not controlled by any central authority or government. The Ethena protocol uses smart contracts and decentralized governance to maintain the stability and value of the stablecoin. By using a collateralized mechanism, Ethena ensures that the USDe token is backed by digital assets, providing users with a trustless and transparent way to transact and store value. USDe can be used for a wide range of applications, including payments, savings, and as collateral for borrowing within the DeFi ecosystem.