ENA，USDE Stablecoin和集中式交流：Crypto最新炒作的纽约分钟

Ethena的USDE Stablecoin在CEXS上售价为1B美元，摇晃了Stablecoin游戏。这是未来，还是锅中的另一个闪光灯？让我们将其分解，纽约风格。

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最新炒作的纽约分钟

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.

哟，加密货币。嗡嗡声是关于乙烯及其USDE Stablecoin的。街上的消息是USDE供应刚刚在集中交易所（CEXS）上砸了10亿美元。这很重要，尤其是考虑到这个项目的新鲜感。那么，411是什么？让我们潜水。

USDe: The Stablecoin Disruptor?

USDE：Stablecoin颠覆者？

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这样的典型稳定币。那些依靠良好的法定货币来支持。另一方面，USDE是使用期货和数字代币的合成美元。他们正在努力处理市场疯狂的三角洲策略，并有望在加密货币节省上产生高收益。当华尔街遇到迪迪（Defi）时，布鲁克林（Brooklyn）的勇气会遇到它。

$1 Billion on CEXs: That's a Flex

CEXS的10亿美元：这是一个灵活

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上达到10亿美元的成绩就像在加密货币世界中获得米其林明星一样。它表明人们正在挖掘埃塞纳的稳定模型，这是由稳定性和产量潜力所吸引的。当然，它仍在与USDT和USDC这样的大狗的追赶，但是这一里程碑证明埃塞纳的吸引力比大多数人都快。就像那辆新的食品卡车突然在街区周围有一条线一样 - 每个人都想要品尝。

The ENA Rally: Riding the Wave

ENA集会：骑波浪

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新闻发送了Ethena的治理令牌，ENA，Soaring。在更新Stablecoin之后，ENA从0.6774美元上涨至$ 0.733。 ENA目前的交易约为0.7209美元，显示出更多上涨空间。请密切关注$ 0.8401的电阻水平 - 超过可能将其发送到1美元的突破。但是请记住，上升的事情必须下降，因此请保持紧密的停止命令。

Yield Farming and the Leverage Game: Proceed with Caution

产生农业和杠杆游戏：谨慎行事

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的增长是由产量放大策略所推动的，用户将USDE作为Susde，将其标记在Pendle上，并在AAVE上创建递归借贷循环以使他们的回报量。尽管这反映了对产量的需求，但依赖杠杆的性质会引发有关可持续性的问题，这些问题应变成负面或市场状况恶化。这就像在Quicksand上建造摩天大楼，直到地面变化直到地面变化。

My Two Satoshis: Is USDe Here to Stay?

我的两个satoshis：USD在这里留下来吗？

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肯定会在Stablecoin游戏中摇摆。 CEXS上的10亿美元里程碑证明了其日益普及和创新的方法。但是，要记住，加密货币市场与纽约地铁的时间表一样不可预测。对复杂的收益策略的依赖意味着USD的长期成功取决于市场条件保持有利的。正如2025年8月的一篇文章所述，USD的供应已飙升至120亿美元，占USDC供应量的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.

尽管如此，用户愿意探索结合稳定性和奖励的新的Stablecoin模型的意愿，这对Ethena等项目来说是光明的未来。只要记住要进行自己的研究，管理自己的风险，并且投资不超过您负担得起的损失。这不是冲刺，这是一场马拉松比赛 - 在加密世界中，马拉松比赛通常涉及意外的绕道。

Wrapping It Up

包装

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，您拥有它 - ENA，USDE及其CEX统治的低点。无论您是经验丰富的加密OG还是只是将脚趾浸入水中，都要注意这个空间。这将是一个疯狂的旅程，谁知道，也许USDE将成为下一个大事。在那之前，请保持霜冻，纽约！