Data: Ethena stablecoin USDe set a single-day redemption record of $268 million on March 1

ChainCatcher news, according to Dune data, the Ethena stablecoin USDe experienced its largest single-day redemption ever on March 1, totaling $268 million, which reduced the circulating supply of USDe by approximately 4.7%.

Data shows that this redemption activity was primarily driven by two large holders: address 0x59…705d redeemed about 180 million USDe, while Sky redeemed about 70 million USDe.