Ethena’s risky path: A synthetic stablecoin cautionary tale


$ 104,399.5
€ 93,694.4
¥ 38,800.0
£ 79,086.8
BTC
0.04 %
$ 2,566.21
€ 2,302.30
¥ 953.98
£ 1,946.24
ETH
2.01 %
$ 341.30
€ 306.34
¥ 127.18
£ 258.54
XMR
3.86 %
$ 102.78
€ 92.09
¥ 38.22
£ 77.72
LTC
1.52 %

The alternative stablecoin market is evolving, and projects like Ethena are leading the way, with a total value locked of $2.7 billion.