Binance announced the listing of Ethena's stable coin USD.

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Binance exchange announced that it will list Ethena USDe (USDe). The exchange will launch the USDe/USDC and USDe/USDT spot trading pairs today at 15:00 TRT. Users can start their deposit transactions already. Withdrawal transactions will be initiated starting from 15:00 TRT tomorrow.

Unlike stablecoins such as USDT and USDC, USDe has a different collateral structure, being backed by cryptocurrencies rather than directly by US dollars.

Behind USD is Bitcoin and Ether, but income is also generated by opening short positions in the futures markets against any movement of these two cryptocurrencies. This also helps to keep the price of this stablecoin stable.

Therefore, the price is not only not falling significantly, but it is also not rising much...

Published: September 9, 2025 10:38

ENA0.36%
USDE0.02%
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