Ethena USDe

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59%

Tether share of stablecoin market size at end-2025. European Securities and Markets Authority p.15

TRV Risk Monitor: ESMA Report on Trends, Risks and Vulnerabilities No. 1, 2026

Report

European Securities and Markets AuthorityMarch 202654 pages

European equity markets rose 22% in 2025, in line with global indices, and euro area banks recorded a + 20% increase in 2H25, resulting in a + 76% year-on-year rise.