USDe supply surged by $300 million in the past week, which may be seen as an indicator of market recovery

On May 19, according to ai_9684xtpa monitoring monitoring, benefiting from the recent significant rebound of BTC & ETH in the market, the funding rates of the two major cryptocurrencies have recovered recentlySDby $300 million in the week, reaching total supply of $4.98 billion two stageseplongest on the supply curve are:

<.02-04: BTC broke through $70,000, and USDe supply exceeded $2 billion; 2024.10-12: BTC stood above $100,000, and USDe supply approached 60, increasing by about $4 billion in supply within , with capital inflows even exceeding theH Ethereum ETAsF. SDAs the Ethena's core asset its asset, also reflectedectedin EENA's coin price, and usually with some lag.