Ethena Labs has teamed with Binance to bring its USDe stablecoin to the platform, which now has over 280 million users and $190 billion in managed assets.
With this integration, USDe can be used as collateral for futures and perpetual trading on Binance. Traders can now earn rewards on their margin collateral while making their capital work more efficiently.
USDe is also coming to Binance Earn, giving users competitive yield options alongside other major stablecoins. From day one, it promises to be one of the most rewarding digital dollars on the platform.
Binance has also listed USDe on its spot market with trading pairs like USDe/USDT and USDe/USDC, giving users even more ways to trade. Withdrawals for USDe will open on September 10, 2025.
Earlier in August, Ethena expanded USDe beyond Ethereum by launching it on the Solana network. This allows users to now interact with popular DeFi apps such as KaminoFinance, Orca, Drift, and Jito, either for providing liquidity or using USDe as collateral for margin trades.
USDe is still among the biggest non-fiat-backed dollar holdings, with more than $12 billion in supply supported by crypto assets such as Bitcoin and Ethereum, while USDtb is a breakthrough step towards bringing fully compliant digital dollars to the U.S. financial market.
In July, Ethena also teamed up with Anchorage Digital to launch USDtb. This is the first stablecoin fully compliant with the new GENIUS Act. Issued directly in the U.S., USDtb offers institutions a secure, regulated, and scalable digital dollar that works seamlessly with traditional financial systems.
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