Data: Ethena stablecoin USDe set a single-day redemption record on March 1, reaching 268 million U.S. dollars
ChainCatcher reports, according to Dune data, the Ethena stablecoin USDe experienced its largest single-day redemption in history on March 1st, with a total of $268 million USD. This caused the circulating supply of USDe to decrease by approximately 4.7%. The data shows that this redemption event was mainly driven by two large holders: address 0x59...705d redeemed about 180 million USDe and Sky redeemed about 70 million USDe.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Georgia signs memorandum of understanding with Hedera to explore on-chain real estate registration and tokenization
Parataxis Holdings plans to acquire Sinsiway for $27 million and transform it into an ETH asset management company.
Data: Suspected Mantle core contributor address transfers $4.5 million worth of MNT tokens to Mirana Ventures
Trending news
MoreCrypto prices
More
