Ethena said in its September review of USDe that the token’s supply increased by more than $700 million during the month. The update also said USDe has become the second-largest collateral asset on Morpho and the largest dollar-denominated collateral asset on the platform. In addition, USDe now supports two of the protocol’s three markets. The disclosure was cited by Odaily in a brief market update published on Oct. 1, 2026. No further figures or breakdowns were provided in the source material.
Ethena said in its September review of USDe that the token’s supply increased by more than $700 million during the month.
According to the disclosure, USDe has become the second-largest collateral asset on Morpho and the largest dollar-denominated collateral asset on the platform. It also supports two of the protocol’s three markets.
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