Arthur Hayes: USDe will replace USDT as the largest dollar stablecoin by market capitalization in the future

ChainCatcher news, BitMEX founder Arthur Hayes stated on social media that the stablecoin protocol Ethena's USDe will eventually replace USDT as the largest dollar stablecoin. However, this will take time, and Hayes himself will do his best to fulfill his advisory role and mint some USDe. It is reported that the issuance of USDe has reached 50 million. The Ethena mainnet will be launched in January 2024.

Earlier today, reports from Scopescan data monitoring indicated that Arthur Hayes is depositing ETH into Lido and then using stETH to mint USDe in the decentralized stablecoin project Ethena Labs. So far, he has deposited 440 ETH (1.01 million USD) and received 1.01 million USDe. He currently still holds 5,451 ETH (12.5 million USD).