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Ethenas

Sui introduces suiUSDe digital dollar token backed by digital assets with Ethena’s support

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Key Takeaways Sui has introduced suiUSDe, a synthetic dollar stablecoin, on its blockchain. suiUSDe will be backed by digital assets paired with short futures positions, instead of traditional fiat reserves. Share this article Sui, a layer 1 blockchain focused on high-performance DeFi applications, announced the upcoming launch of suiUSDe, a native synthetic dollar token backed … Read more

Ethena’s multi-week rally at risk as whales exit ahead of 171m token unlock 

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Ethena surged over 140% in July, but an upcoming token unlock and whale exits now threaten to reverse its gains. Summary Ethena surged over 140% in July, driven by protocol growth, stablecoin expansion, and a major buyback announcement. A $103.6 million token unlock scheduled for Aug. 5 and whale sell-offs have raised concerns over short-term … Read more

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