Ethena Labs has announced it will be live on Binance for $USDe rewards and spot trading pairs.
Ethena revealed a new listing and market exposure on a leading global CEX (Centralized Exchange) Binance, which up to date has over 280M users and $190B in assets.
The partnership allows the stablecoin to onboard new users, an opportunity estimated by their team to be in the range of $5B – closing the gap on $USDC at $7B.
The team highlights the incentives for Binance users:
A special focus is appealing to users who wish receive rewards on margin collateral used in perpetual and futures trading, as well as strong earning returns for any $USDe held for a specific amount of time in individual accounts via Binance Earn.
A series of additional announcements include partnership with Euphoria for its in-app trading settlements and deposits, as well as with the Ton Academy, which shared it will be starting a course focused on Ethena, teaching users on best practices and APY options.
After an eventful summer and start to the fall, the 3rd largest stablecoin ($12.9B market cap currently) has continued its integration with other ecosystems in the industry.
