{"id":"tp-16277","type":"article-newspaper","title":"ENA Surges on Upbit Debut, but ‘Synthetic Dollar’ Model Raises Structural Red Flags in Korea","author":"Sonny Kwon","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/insights/16277","datePublished":"2025-07-11T15:27:54.000Z","dateModified":"2025-07-11T15:28:29.000Z","language":"en","abstract":"Delta-neutral stablecoin USDe draws comparisons to Terra’s collapse as yield, legal uncertainty cast doubts on long-term sustainability","section":"Insights & Views","references":[]}