🚀 Gate Fun Chinese Meme Fever Keeps Rising!
Create, launch, and trade your own Meme tokens to share a 3,000 GT!
Post your Meme on Gate Square for a chance to win $600 in sharing rewards!
A total prize pool of $3,600 awaits all creative Meme masters 💥
🚀 Launch now: https://web3.gate.com/gatefun?tab=explore
🏆 Square Sharing Prizes:
1️⃣ Top Creator by Market Cap (1): $200 Futures Voucher + Gate X RedBull Backpack + Honor Poster
2️⃣ Most Popular Creator (1): $200 Futures Voucher + Gate X RedBull Backpack + Honor Poster
3️⃣ Lucky Participants (10): $20 Futures Voucher (for high-quality posts)
O
The market capitalization of USD has once again shrunk, now falling below 12.7 billion USD, with a reduction of over 2 billion USD this week.
According to a report from 深潮 TechFlow on October 12, the market capitalization of the stablecoin USDe issued by Ethena Labs has decreased from about $13.5 billion yesterday to below $12.7 billion, currently reported at $12,660,245,970, which is a reduction of over $2.16 billion compared to approximately $14.82 billion seven days ago.
USDe experienced a severe decoupling from the USD during the cryptocurrency crash on October 11, dropping as low as 0.62 USD on some decentralized exchanges, with a decoupling rate of up to 38%. The current price has now recovered to the 1 USD range.