🔵 Ethena's $USDe supply just reached $8B Here are some numbers: ▫️ In the past two weeks $USDe supply increased on average by 2.49% daily ▫️ That’s ~$190M added per day ▫️ Cumulative growth over 14 days: +45% The question that remains is: "wen 10 billy?" And the answer is: most probably August. Let’s break it down with 3 scenarios: ▫️ Bear Case (50% of current growth): Aug 20 ▫️ Base Case (current trend): Aug 9 ▫️ Bull Case (150% increase of the current trend): Aug 6 With the new looping strategy on @aave, this growth could accelerate even more with traders seeking these juicy DeFi yields on stablecoins. Hitting this 10 billion milestone will make @ethena_labs the first stablecoin to ever hit this mark besides Tether and Circle (excluding Luna's UST, which was never a stablecoin).