In just a few months, its yielding stablecoin has expanded to $3 billion, and no other stablecoin has grown as fast as USDe since its inception. The first chapter of Ethena's story focuses on building a secure and superior stablecoin. Having successfully weathered extreme market volatility, it now wants to chase the biggest jackpot in the crypto space – Tether's $160 billion feast. It was here that Ethena began to transform from a "DeFi native stablecoin" to a fiat stablecoin compet...