The Binance exchange has announced the launch of USDe — the digital dollar from Ethena, which allows traders to earn rewards by holding this asset on the platform.
Significance of the Partnership
The long-standing presence of USDT in the markets has set a precedent for the importance of new stablecoins. Binance previously managed $40 billion in stablecoins, all of which generated no returns for users. The introduction of USDe could change this.
How USDe Works on Binance
Traders holding USDe on Binance, regardless of where it is stored, will earn rewards. With the launch of USDe, users will also be able to participate in futures trading, using this asset as collateral.
Future of USDe and Its Potential
As Binance rarely supports external projects, this partnership holds special significance. USDe has a chance to become one of the leading dollar assets on the platform, opening new opportunities for traders.
The integration of USDe into the Binance platform marks an important step in the evolution of stablecoins, providing users with a new earning opportunity and increasing trading efficiency.
