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TürkçeEthena USDe Information
Ethena USDe is emerging as a noteworthy stablecoin in the cryptocurrency market, offering a unique approach to maintaining value stability. Built on a reliable blockchain infrastructure, it seeks to address common volatility issues associated with digital currencies. With its focus on transparency and security, Ethena USDe aims to gain the trust of both individual users and institutional investors.
Introduction to Ethena USDe
Ethena USDe is an intriguing stablecoin in the ever-evolving world of cryptocurrency. With a current price close to the US dollar at $0.999835, it aims to offer stability compared to more volatile crypto assets such as Bitcoin or Ethereum. As a stablecoin, Ethena USDe is designed to maintain a stable value, usually pegged to a fiat currency, in this case, the US dollar. This article will delve into its unique characteristics, potential advantages and disadvantages, as well as its historical performance and future prospects.
A Stablecoin with Consistency
Stablecoins like Ethena USDe are developed to minimize price fluctuations and serve as a bridge between fiat currencies and the fast-paced crypto market. Ethena USDe is not an exception. Its current price closely mirrors the US dollar, with a 24-hour high of $1.003 and a low of $0.996778. Its aim is to provide the security of fiat currency while leveraging the benefits of blockchain technology.
Advantages of Ethena USDe
The stability of Ethena USDe is one of its most prominent benefits. It is less prone to the dramatic price swings common in the cryptocurrency market, making it a reliable store of value and medium for daily transactions. This stability attracts traders who wish to avoid volatility while maintaining access to crypto markets. Additionally, Ethena USDe facilitates seamless transactions across platforms, enabling easy conversion with other cryptocurrencies or fiat currencies.
Disadvantages to Consider
Despite its many advantages, using Ethena USDe is not without drawbacks. A primary concern is the inherent reliance on the stability of the fiat currency it represents. If the US dollar experiences inflation or a decline in value, Ethena USDe may also be affected. Moreover, while it offers less volatility, it may not present the same opportunities for significant gains as more volatile cryptocurrencies like Bitcoin.
Historical Performance
Ethena USDe's performance indicates a relatively stable presence in the market. Since its all-time high (ATH) of $1.032 on December 20, 2023, Ethena USDe has seen a modest decline of approximately 3.14%. Meanwhile, it reached an all-time low (ATL) of $0.929486 on October 4, 2024, showing a recovery with a 7.55% increase to its current value. Over time, the fluctuations have been minor compared to non-stablecoin cryptocurrencies, reflecting its role as a stable value-holder.
Future Prospects
The future outlook for Ethena USDe appears optimistic if you are looking at consistency and stability. The stablecoin market is anticipated to keep growing, especially as traditional financial systems increasingly interact with blockchain technology. As a reliable digital asset, Ethena USDe might continue to attract users needing stability and seamless transactions. However, its success largely depends on the broader acceptance of stablecoins and the continuous demand for digital fiat representations.
Conclusion
Ethena USDe stands out as a stablecoin offering reliability in the rapidly changing crypto environment. While it might not offer high returns like more volatile cryptocurrencies, its stability provides a valuable service for users seeking a less risky entry into the digital currency market. As the crypto landscape evolves, Ethena USDe might continue to carve out a significant role, particularly as the bridge between traditional finance and new blockchain-based solutions.
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from price
$1
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General Information |
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Title
Ethena USDe
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Symbol
usde
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Whitepaper
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Website
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Community
-
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Last Updated
2025-01-21 23:53
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Price Data |
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Current Price $
1
$
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High 24h
1.004
$
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Low 24h
0.989893
$
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Price Change 24h
0.0030156
$
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Price Change % 24h
0.30241
%
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Market Data |
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Market Cap
5735427709
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Total Volume
127444538
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Market Cap Change 24h
-22271692.762972
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Market Cap Change % 24h
-0.38682
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
5740684264.5132
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Total Supply
5740684264.5132
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Max Supply
-
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Historical Data |
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All Time High (ATH)
1.032
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ATH Change %
-3.1689
%
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ATH Date
2023-12-20 15:38
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All Time Low (ATL)
0.929486
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ATL Change %
7.51925
%
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ATL Date
2024-10-04 07:57
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