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Crypto exchange Binance adds Ethena’s USDe stablecoin to its platform
Binance has integrated Ethena’s synthetic stablecoin USDe into its platform, including as a spot trading pair and as a yield-bearing collateral asset for traders operating in the derivatives market.
Ethena Labs called this move “one of the most important integrations to date.”
USDe is set to transform trading on Binance by becoming the first dollar-denominated asset developed by a third-party company and available as collateral on the platform with its own rewards.
As with other Binance partnership programs, exchange users will be able to receive weekly rewards from Binance simply for holding USDe on the exchange, including within portfolio margin when trading futures and perpetual contracts, Ethena Labs stated.
It is also known that USDe will be directly integrated with Binance Earn, allowing users to earn rewards in dollars. Binance will additionally offer rewards in USDe, which will start being paid out at the end of the month for using the asset as collateral in futures and perpetual trading.
USDe (Ethena USDe) is a synthetic dollar-pegged stablecoin that combines crypto-native yield strategies with Ethereum-based hedging to maintain price stability.
See also: "Binance to delist trading pairs with three altcoins"
