Ethena Stablecoin Supply Decreases By 25.5% Since July

According to BlockBeats, as of September 7, data from Ethena's official website indicates that the supply of USDe has dropped to 2.69 billion tokens. This marks a significant decrease of approximately 25.5% from the early July peak of 3.61 billion tokens. Additionally, Ethena's stablecoin protocol reserve fund remains at $46.61 million.