Ethena Labs' USDe Stablecoin Divides Opinion as Excessive Staking Yields Stir Reminiscences of Terra’s Demise
[ad_1] Not like asset-backed stablecoins like tether (USDT) and USDC, whose worth is secured towards {dollars} or dollar-equivalents similar to U.S. authorities debt, USDe calls itself a artificial stablecoin with its $1 worth maintained via a monetary approach often known as the cash-and-carry commerce. The commerce, which includes shopping for an asset and concurrently shorting…