StablecoinX’s June 25 SEC filing says it holds 3 billion ENA, about 20% of supply, while its live DVN earns 1 bp on processed volume and the Harness is not yet live. BlackRock and Coinbase expand USDe distribution, but ENA remains governance beta with a fee switch modeled at roughly $59,000 per day.

Top comment by @Benthic

Explore the topic

More on $USDe

Comments