Can stablecoins create new patterns? @Ethena_1abs' USDe surged to billions of market value in 500 days, more than twice as fast as USDT and USDC. The recent bullish sentiment has been triggered by Ethena's newly established department StablecoinX, which plans to repurchase $260 million worth of ENA within 6 weeks, accounting for 8% of the total circulation, with daily real gold and silver buying. More importantly, the fee switch has been approved, and in the future, some of the protocol revenue will be directly distributed to sENA holders. According to Tokenomist's scenario simulation, it is conservatively estimated that sENA annualization can also reach 4%, and in an optimistic scenario, it may even exceed 10%. In the long run, Ethena is expanding its Converge Chain, launching compliant stablecoin USDtb, gradually building a diversified income system, and enhancing its ability to withstand cycles. Can ENA continue to rise under strong catalysis? What do you all think? 🤔