Ethena's synthetic dollar stablecoin, USDe, has achieved a significant milestone, reaching a market capitalization of $3 billion over the weekend. As of June 2, the market value of USDe stood at approximately $3.02 billion, surpassing FDUSD's $2.9 billion, making it the fourth largest stablecoin in the market.

The growth of USDe is evident in its increasing adoption, with about 13,238 unique addresses holding the token. Since its launch, there have been 395,430 transfers, indicating a significant level of activity and liquidity in the market.

The majority of USDe tokens are held by Ethena's smart contract address, with 1.21 billion USDe, accounting for 40.16% of the total supply. The second largest quantity is held by Ethena's LP pledge address, with 511.2 million USDe, accounting for 16.92% of the circulating supply.

This achievement highlights the growing popularity of stablecoins and their potential to become a mainstream form of digital currency. The success of USDe also underscores the importance of Ethena's role in the development and promotion of this innovative financial instrument.

In conclusion, the market capitalization of USDe reaching $3 billion is a significant milestone in the growth of stablecoins and a testament to the innovative spirit of Ethena. As the market continues to evolve, it will be interesting to see how USDe and other stablecoins shape the future of digital currency.