Ethena's ENA cryptocurrency has recently seen a significant surge, attributed to the rising popularity of its related stablecoin, USDe. This stablecoin is capturing market attention by offering attractive yields, positioning itself as a strong competitor to Tether.
The increasing interest in USDe is primarily due to its competitive yields, which are luring investors seeking profitable stablecoin options. As USDe gains traction in the market, it contributes to the strength and value of Ethena's ENA cryptocurrency.
