Ethereum
Ethena Labs’ USDe Stablecoin Divides Opinions, Evoking Memories of the End of Terra with High Staking Yields.
Unlike asset-backed stablecoins such as Tether (USDT) and USDC, whose value is backed against the dollar or dollar equivalent, such as U.S. government debt, USDe is a synthetic stablecoin with a dollar value maintained through financial techniques called cash and currency. It is called human. – Carry out trade. Transactions that buy an asset and simultaneously sell a derivative of that asset to collect the funding rate or the difference between the two prices are well known in traditional finance and do not involve directional or delta risk.