Binance has announced it is offering users 12% APR on savings held in Ethena’s $USDe stablecoin via Binance Earn, according to their official X post.
The global exchange revealed the new offer today, which includes rewards for trading and collateral across positions.
For Ethena, such partnerships have helped the issuance of their stablecoin grow to $14B across both DeFi protocols and large exchanges.
The 3rd largest stablecoin issuer has added $500M alone in the last 7 days.
