$ENA employs a delta hedging strategy to manage Ethereum's price volatility and maintain USDe's stability against the US dollar.

The USDe stablecoin supply recently reached an all-time high of over $9.3 billion, securing its position as the third-largest stablecoin by market cap.

ENA

0.2065

-0.95%

BTC

88,105.21

-0.42%

ETH

2,981.56

-0.31%