Ethena´s USDe Stablecoin Surges to Over $13B After Binance Listing

Cryptocurrency

Summary:

Binance listing positions Ethena's USDe as a major player withing the rapidly expanding stablecoin market.

Ethena’s synthetic stablecoin, USDe, has climbed to over $13 billion in circulation less than a day after it was listed on Binance.

DeFiLlama data shows supply jumped nearly 2% in 24 hours to about $13.2 billion, making it the fastest-growing stablecoin in the past day.

This rapid expansion has been ongoing over the past month, with the protocol adding more than $3 billion to its footprint after it crossed $10 billion in August. Notably, USDe is the third-largest stablecoin in the industry, controlling around 5% of the $287 billion stablecoin market.

Meanwhile, the timing of this growth reflects several reinforcing factors designed to boost the stablecoin’s growth.

Over the past months, market interest in stablecoins has accelerated after President Donald Trump signed the GENIUS Act, the first federal law providing a framework for these assets.

That regulatory clarity, coupled with Ethena’s significant yields of around 10%, has drawn capital from investors who see DeFi returns as more attractive than US Treasurys.

Binance’s integration offers USDe $4B opportunity

This milestone comes as Binance added USDe to its platform this week.

Guy Young, Ethena Labs’ founder, said the listing highlights Binance’s rare decision to back an external project after extensive due diligence.

He described the integration as a turning point, with Binance’s $130 billion in assets and $40 billion in stablecoins offering a massive distribution channel. Ethena´s USDe Stablecoin Surges to Over $13B After Binance Listing_1

Ethena´s USDe Stablecoin Surges to Over $13B After Binance Listing_1

Considering this, Young said he expects USDe adoption on Binance to eventually mirror its penetration on Bybit, where it accounts for around 12% of total dollar balances.

According to him: “USDe penetration for USD assets on other CEXs sits at roughly ~12% which would correspond to >$4.0 billion of USDe on Binance.”

According to the announcement, the token will be paired against Tether’s USDT and integrated into Binance Earn, allowing users to collect weekly dollar-denominated rewards for simply holding USDe on the exchange.

Later this month, it will be accepted as collateral across Binance’s futures and perpetual markets.

Source: Cryptoslate

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Risk Disclosure

The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.

Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.

Recent Searches

Top Searches

Markets

Analysis

User

24/7

Economic Calendar

Education

Data

Ethena´s USDe Stablecoin Surges to Over $13B After Binance Listing

Binance’s integration offers USDe $4B opportunity

Risk Disclosure