$5.9B USDe Pays 4% Yield, Skirts GENIUS Act Ban
Ethena’s USDe holds $5.9B and pays about 4% staked yield from a basis trade, sidestepping the GENIUS Act ban that stopped USDC issuers cold.
ONDO$0.3715-1.76%MPL$0.0000-87.43%PAXG$4,307.81-0.07%XRP$1.23+3.69%ETH$1,761.76+2.65%SOL$73.69+3.85%ONDO$0.3715-1.76%MPL$0.0000-87.43%PAXG$4,307.81-0.07%XRP$1.23+3.69%ETH$1,761.76+2.65%SOL$73.69+3.85%