Exchanges

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.

Cryptocurrency

The yield-bearing stablecoin USDe, issued by Ethena Labs, has surpassed FDUSD to become the third largest dollar-pegged token. A 75% increase in market capitalization since mid-July has brought the circulating supply to $9.3 billion, according to The Block's dashboard data.