The Struggles of Stablecoins: Dai vs. Ethena USDe in a Tumultuous World
We take a look at two giants that loom over this emerging frontier. Dai (DAI) and Ethena USDe (USDE) stand side by side like brothers, their methods similar, yet different, like the wind and the dust. Both boast a market cap well north of $5 billion, yet they follow different paths in an effort to maintain that ever-important $1 peg. But what sets them apart, and more importantly, which one deserves your trust? Is it the familiar face of Dai, or the new and daring Ethena USDe?