<\/p>\n
A new Ethereum (ETH<\/a>)-based USD-pegged stablecoin is getting a boost from one of the\u00a0world\u2019s\u00a0largest crypto exchanges.<\/p>\n Ethena Labs has announced<\/a> that USDe, the stablecoin of the Ethena (ENA<\/a>) ecosystem, is\u00a0being integrated\u00a0by Bybit, the third largest crypto exchange by trading volume.<\/p>\n \u201cWe are excited to share one of the most\u00a0important\u00a0developments for USDe adoption\u00a0to date.<\/em><\/p>\n As of this week, USDe will\u00a0be integrated\u00a0throughout\u00a0Bybit,\u00a0beyond the current USDe\/USDT spot pair.<\/em><\/p>\n Those new integrations include:<\/em><\/p>\n USDe as a collateral asset to trade perpetual futures, allowing Bybit users to potentially earn a yield paid by Bybit on their USD-pegged collateral while trading any of your favorite tokens\u00a0including\u00a0BTC, ETH, SOL and ENA.<\/em><\/p>\n BTC and ETH \u2013 USDe zero-fee spot pairs<\/em><\/p>\n USDe launch within the\u00a0Bybit\u2019s\u00a0\u2018Earn\u2019\u00a0platform\u201d<\/em><\/p>\n As explained in the post, USDe will be used on Bybit as collateral for perpetual futures, as a spot trading pair for Bitcoin (BTC<\/a>) and Ethereum, and as part of the trading platform\u2019s Earn program.<\/p>\n Ethena Labs bills USDe as an industry-first scalable synthetic dollar. USDe aims to maintain its USD peg with ETH and BTC backing.<\/p>\n Since the announcement this morning, ENA, the governance token of the Ethena blockchain, ENA has fallen 2.8%, currently trading for $0.954. However, ENA is still up 9% in the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Featured Image: Shutterstock\/Tithi Luadthong\/Natalia Siiatovskaia<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A new Ethereum (ETH)-based USD-pegged stablecoin is getting a boost from one of the\u00a0world\u2019s\u00a0largest crypto exchanges. Ethena Labs has announced that USDe, the stablecoin of the Ethena (ENA) ecosystem, is\u00a0being integrated\u00a0by Bybit, the third largest crypto exchange by trading volume. \u201cWe are excited to share one of the most\u00a0important\u00a0developments for USDe adoption\u00a0to date. As of […]<\/p>\n","protected":false},"author":2,"featured_media":173265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-297634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=297634"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297634\/revisions"}],"predecessor-version":[{"id":297637,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297634\/revisions\/297637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/173265"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=297634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=297634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=297634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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