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Don't call it a stablecoin: How did a 'synthetic dollar' generate a yield of 113%? - Fortune

Retrieved on: 2024-04-19 20:04:55

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Don't call it a stablecoin: How did a 'synthetic dollar' generate a yield of 113%? - Fortune. View article details on HISWAI: https://fortune.com/crypto/2024/04/19/ethena-labs-stablecoin-synthetic-dollar-tether-circle/

Summary

The article discusses how the stablecoin USDe, backed by cryptocurrency and employing a cash-and-carry trade strategy, generates yield in decentralized finance, contrasting with typical stablecoin practices and drawing skepticism from industry figures over its stability.

Article found on: fortune.com

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