ENA，USDE Stablecoin和集中式交流：Crypto最新炒作的紐約分鐘

Ethena的USDE Stablecoin在CEXS上售價為1B美元，搖晃了Stablecoin遊戲。這是未來，還是鍋中的另一個閃光燈？讓我們將其分解，紐約風格。

ENA, USDe Stablecoin, and Centralized Exchanges: A New York Minute on Crypto's Latest Hype

ENA，USDE Stablecoin和集中式交流：Crypto最新炒作的紐約分鐘

Yo, crypto fam! The buzz is all about Ethena and its USDe stablecoin. Word on the street is USDe supply just smashed past $1 billion on centralized exchanges (CEXs). That's a big deal, especially considering how fresh this project is. So, what's the 411? Let's dive in.

喲，加密貨幣。嗡嗡聲是關於乙烯及其USDE Stablecoin的。街上的消息是USDE供應剛剛在集中交易所（CEXS）上砸了10億美元。這很重要，尤其是考慮到這個項目的新鮮感。那麼，411是什麼？讓我們潛水。

USDe: The Stablecoin Disruptor?

USDE：Stablecoin顛覆者？

USDe ain't your typical stablecoin like USDT or USDC. Those rely on good ol' fiat currency for backing. USDe, on the other hand, is a synthetic dollar using futures and digital tokens. They're rocking a delta-neutral strategy to handle market craziness, promising high yields on your crypto savings. Think of it as Wall Street meets DeFi, with a sprinkle of Brooklyn grit.

USDE不是您像USDT或USDC這樣的典型穩定幣。那些依靠良好的法定貨幣來支持。另一方面，USDE是使用期貨和數字代幣的合成美元。他們正在努力處理市場瘋狂的三角洲策略，並有望在加密貨幣節省上產生高收益。當華爾街遇到迪迪（Defi）時，布魯克林（Brooklyn）的勇氣會遇到它。

$1 Billion on CEXs: That's a Flex

CEXS的10億美元：這是一個靈活

Hitting that $1 billion mark on CEXs is like getting a Michelin star in the crypto world. It shows that people are digging Ethena's stablecoin model, drawn in by the stability and yield potential. Sure, it's still playing catch-up with the big dogs like USDT and USDC, but this milestone proves Ethena is gaining traction faster than most. It’s like that new food truck that suddenly has a line around the block – everyone wants a taste.

在CEXS上達到10億美元的成績就像在加密貨幣世界中獲得米其林明星一樣。它表明人們正在挖掘埃塞納的穩定模型，這是由穩定性和產量潛力所吸引的。當然，它仍在與USDT和USDC這樣的大狗的追趕，但是這一里程碑證明埃塞納的吸引力比大多數人都快。就像那輛新的食品卡車突然在街區周圍有一條線一樣 - 每個人都想要品嚐。

The ENA Rally: Riding the Wave

ENA集會：騎波浪

The USDe news sent Ethena's governance token, ENA, soaring. After the stablecoin updates, ENA jumped from $0.6774 to $0.733. Currently trading around $0.7209, ENA's showing potential for more upside. Keep an eye on that $0.8401 resistance level – a break above that could send it towards the $1 mark. But remember, what goes up must come down, so keep those stop-loss orders tight.

USDE新聞發送了Ethena的治理令牌，ENA，Soaring。在更新Stablecoin之後，ENA從0.6774美元上漲至$ 0.733。 ENA目前的交易約為0.7209美元，顯示出更多上漲空間。請密切關注$ 0.8401的電阻水平 - 超過可能將其發送到1美元的突破。但是請記住，上升的事情必須下降，因此請保持緊密的停止命令。

Yield Farming and the Leverage Game: Proceed with Caution

產生農業和槓桿遊戲：謹慎行事

USDe’s growth is fueled by yield amplification strategies, with users staking USDe as sUSDe, tokenizing it on Pendle, and creating recursive borrowing loops on Aave to juice their returns. While this reflects demand for yield, the leverage-dependent nature raises questions about sustainability should funding rates turn negative or market conditions deteriorate. It’s like building a skyscraper on quicksand, looks impressive until the ground shifts.

USDE的增長是由產量放大策略所推動的，用戶將USDE作為Susde，將其標記在Pendle上，並在AAVE上創建遞歸借貸循環以使他們的回報量。儘管這反映了對產量的需求，但依賴槓桿的性質會引發有關可持續性的問題，這些問題應變成負面或市場狀況惡化。這就像在Quicksand上建造摩天大樓，直到地面變化直到地面變化。

My Two Satoshis: Is USDe Here to Stay?

我的兩個satoshis：USD在這裡留下來嗎？

Ethena's USDe is definitely shaking things up in the stablecoin game. The $1 billion milestone on CEXs is a testament to its growing popularity and innovative approach. However, it's crucial to remember that the crypto market is as unpredictable as a New York subway schedule. The reliance on complex yield strategies means USDe's long-term success hinges on market conditions staying favorable. As one article from August 2025 states, USDe's supply had surged to $12 billion, representing more than 15% of USDC supply.

Ethena的USDE肯定會在Stablecoin遊戲中搖擺。 CEXS上的10億美元里程碑證明了其日益普及和創新的方法。但是，要記住，加密貨幣市場與紐約地鐵的時間表一樣不可預測。對複雜的收益策略的依賴意味著USD的長期成功取決於市場條件保持有利的。正如2025年8月的一篇文章所述，USD的供應已飆升至120億美元，佔USDC供應量的15％以上。

Still, the willingness of users to explore new stablecoin models that combine stability and rewards suggests a bright future for projects like Ethena. Just remember to do your own research, manage your risk, and never invest more than you can afford to lose. This ain't a sprint, it's a marathon – and in the crypto world, marathons often involve unexpected detours.

儘管如此，用戶願意探索結合穩定性和獎勵的新的Stablecoin模型的意願，這對Ethena等項目來說是光明的未來。只要記住要進行自己的研究，管理自己的風險，並且投資不超過您負擔得起的損失。這不是衝刺，這是一場馬拉鬆比賽 - 在加密世界中，馬拉鬆比賽通常涉及意外的繞道。

Wrapping It Up

包裝

So, there you have it – the lowdown on ENA, USDe, and their CEX domination. Whether you're a seasoned crypto OG or just dipping your toes in the water, keep an eye on this space. It's gonna be a wild ride, and who knows, maybe USDe will become the next big thing. Until then, stay frosty, New York!

因此，您擁有它 - ENA，USDE及其CEX統治的低點。無論您是經驗豐富的加密OG還是只是將腳趾浸入水中，都要注意這個空間。這將是一個瘋狂的旅程，誰知道，也許USDE將成為下一個大事。在那之前，請保持霜凍，紐約！