
Yuyue|May 20, 2025 12:09
Today's ENA is doing so well mainly because of the good effect of the Stabilizing Currency Act. Although the main discussants may still be countrymen, this act also provides opportunities for plate rotation and concept hype
Upon careful analysis, if the stablecoin bill is passed, it aligns well with my previous vision of 'God's return to God, Rome's return to Rome'. From a compliance perspective, although web2 giants can issue stablecoins, strategies such as hedging fees are still areas of revenue that they are unlikely to touch
During this period, the positive capital rate has increased, resulting in an increase in the agreement yield of @ ethena_1abs. USDe has added 300M USD supply in the past week. Previously, Ethena had collaborated with Hyperliquid and Telegram with the goal of further promoting stablecoin use cases and growth
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