Ethena's USDe Stablecoin Is Live On Binance Markets
Ethena's USDe Stablecoin Is Live On Binance Markets. Photo By Nicholas Cappello On Unsplash.
Ethena Labs has announced it will be live on Binance for $USDe rewards and spot trading pairs, according to the company’s X post.
Ethena revealed a new listing and market exposure on a leading global CEX (Centralized Exchange) Binance, which up to date has over 280M users and $190B in assets. The partnership allows the stablecoin to onboard new users, an opportunity estimated by their team to be in the range of $5B - closing the gap on $USDC at $7B.
The team highlights the incentives for Binance users:
After an eventful summer and start to the fall, the 3rd largest stablecoin ($12.9B market cap currently) has continued its integration with other ecosystems in the industry.
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This article has been partly researched and aggregated with the help of AI and does not pertain to be an exclusive story. For specific media and public information referenced, please find it below.
Source(s): https://x.com/ethena_labs/status/1965368521959116834?s=61
https://x.com/euphoria_fi/status/1965096230163468303?s=61
https://x.com/ton_blockchain/status/1965071548232122711?s=61
