Binance has integrated Ethena’s USDe stablecoin into its platform
Exchange Binance integrated synthetic stablecoin Ethena’s USDe into its platform, including as a spot trading pair and a profitable collateral asset for derivatives traders.
Ethena Labs called the move «one of the most important integrations to date.»
USDe is set to completely change trading on Binance, becoming the first dollar-denominated asset developed by a third party and available as collateral on the platform with its own rewards.
As with other affiliate programs Binance, exchange users will be able to receive weekly rewards from Binance simply for storing USDe on the exchange, including as part of the portfolio margin when trading futures and perpetual contracts, Ethena Labs said.
It is known that USDe will be directly integrated with Binance Earn, which will allow users to receive rewards in dollars. Binance will also offer USDe rewards, payable at the end of the month, for using the asset as collateral when trading futures and perpetual contracts.
USDe (Ethena USDe) — synthetic stablecoin, a dollar-pegged token that combines crypto-focused income strategies with hedges based on Ethereum to maintain a stable price.
