$USDC
USDC
0.9998
+0.01%
Ethena’s synthetic USDe supply has contracted sharply as dollar-backed stablecoins like USDC expand.
Multiple sources highlight the shift from synthetic to dollar-backed stablecoins.
USDC’s 24-hour price was stable, moving mostly in line with the broader CD20 index.
Macro sentiment remains cautiously optimistic as liquidity improves and Fed rate cut odds rise[2].