A brand new Ethereum (ETH)-based USD-pegged stablecoin is getting a lift from one of many world’s largest crypto exchanges.
Ethena Labs has introduced that USDe, the stablecoin of the Ethena (ENA) ecosystem, is being built-in by Bybit, the third largest crypto trade by buying and selling quantity.
“We’re excited to share probably the most necessary developments for USDe adoption thus far.
As of this week, USDe will be built-in all through Bybit, past the present USDe/USDT spot pair.
These new integrations embrace:
USDe as a collateral asset to commerce perpetual futures, permitting Bybit customers to probably earn a yield paid by Bybit on their USD-pegged collateral whereas buying and selling any of your favourite tokens together with BTC, ETH, SOL and ENA.
BTC and ETH – USDe zero-fee spot pairs
USDe launch inside the Bybit’s ‘Earn’ platform”
As defined within the submit, USDe can be used on Bybit as collateral for perpetual futures, as a spot buying and selling pair for Bitcoin (BTC) and Ethereum, and as a part of the buying and selling platform’s Earn program.
Ethena Labs payments USDe as an industry-first scalable artificial greenback. USDe goals to keep up its USD peg with ETH and BTC backing.
For the reason that announcement this morning, ENA, the governance token of the Ethena blockchain, ENA has fallen 2.8%, at present buying and selling for $0.954. Nonetheless, ENA continues to be up 9% within the final 24 hours.
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Featured Picture: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
