According to @secondswap_io, Ethena opened institutional rails in August with direct access via Coinbase Institutional, CoinList’s Earn offering USDe at 12% APY, and cross-chain deployments on Aptos plus integrations across Aave, Gearbox, InfiniFi, and TON; the post also states Ethena has been aggressively building its infrastructure (source: @secondswap_io). According to @secondswap_io, these named channels and rates identify where USDe access and yield are currently available for participants, informing trading-oriented capital deployment and liquidity routing (source: @secondswap_io).

According to @MilkRoadDaily, Coinbase Institutional’s David Duong projects the stablecoin market could expand from roughly $275 billion to $1.2 trillion by 2028, a 336% increase (source: @MilkRoadDaily, Twitter, Aug 30, 2025). Based on the same figures, this trajectory implies approximately a 62% compound annual growth rate and about 12.8% average quarter-over-quarter expansion, offering traders a sizing baseline for liquidity planning and stablecoin supply scenarios through 2028 (source: @MilkRoadDaily, Twitter, Aug 30, 2025).