Despite USDe's supply dropped from $14.7B to $10.5B (-28%) in October, the upcoming growth catalysts for USDe and USDtb are still extremely strong: 1. Whitelabel Stablecoin service • Projects can choose USDe and USDtb as the backing assets. • Early partners include Sui, Jupiter, and MegaETH 2. @etherealdex • Native USDe Yield for users to use the Etheral Perp DEX • Even the mainnet Alpha is limited to the top 100 traders, there are already 3M USDe deposited into the Ethereal Chain. 3. @convergeonchain • USDe and USDtb will be supported as the gas token 4. iUSDe • A lot of people have already forgotten that the ambition of Ethena's sUSDe is also to expand into TradFi, by then large institutions, asset managers, private credit funds, etc. will be able to access sUSDe via the form of iUSDe