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Ethena Labs has launched USDe and sUSDe on Plasma’s mainnet, with Aave markets opening with $1 billion capacity backed by Binance liquidity. The stablecoin supply has reached $14 billion, making it the third-largest stablecoin. The launch on Sept. 25 included over 100 integrations and multiple cross-chain expansions. Plasma aims to be a stablecoin-native Layer 1 with rapid adoption.
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