Binance Just Opened the Floodgates: Ethena USDe Officially Listed

Binance drops the gates—Ethena's USDe stablecoin lands on the world's largest crypto exchange. This isn't just another listing; it's a liquidity event.

Why This Move Shakes the Market

Getting USDe on Binance means instant access to millions of traders. No more hopping through decentralized bridges or dealing with sketchy off-ramps. Binance users can now swap, stake, and leverage-trade USDe with one click.

The Mechanics Behind USDe

Ethena isn’t playing the old-school stablecoin game. Instead of depending on shaky bank reserves—looking at you, traditional finance—USDe runs on delta-neutral hedging. It’s synthetic, scalable, and doesn’t beg for regulatory approval.

What Traders Are Saying

Early adopters are calling it 'game-changing.' Skeptics whisper about unproven collateral and smart contract risks. But let’s be real—since when has caution ever stopped crypto degens?

The Bigger Picture: Stablecoin Wars 2.0

This listing isn’t just a win for Ethena. It’s a shot across the bow to Tether and USDC. Binance is clearly betting that the future of stablecoins isn’t backed by IOUs from banks that may or may not exist next quarter.

One thing’s certain: the race for stablecoin dominance just got a lot more interesting. And if history’s any guide, the real winners will be the ones who exit before the music stops.

On September 9, 2025, Binance announced the listing of Ethena USDe (USDE), introducing new trading pairs USDE/USDC and USDE/USDT for its users, effective immediately. Users can also begin depositing USDE coins to their Binance accounts as of today. This move highlights Binance’s effort to provide diversified trading options to its global user base, thus enhancing liquidity on its platform.

Details on Ethena USDe’s Trading Initiation

Binance will activate spot trading pairs for USDe on September 9, 2025, from 3:00 PM local time. Withdrawals will become available on September 10, 2025, starting at 3:00 PM. Impressively, the exchange has set the listing fee for USDE at zero BNB, further lowering the barrier for user transactions and engagement within the ecosystem.

Ethena USDe stands out as the largest non-fiat-backed dollar asset with a supply exceeding $12 billion. Backed by delta-hedged assets of cryptocurrencies like Bitcoin$0.000006 and Ethereum$4,364, along with stablecoins, USDE holds its ground as the third-largest stablecoin pegged to the US dollar. This stature reflects its robustness and reliability in the stablecoin market.

The Ethena protocol boasts more than $14 billion in total locked value (TVL), a testament to its broad acceptance and trust amongst users. Through integrations with centralized exchanges and DeFi applications, the protocol successfully reaches a vast audience, establishing itself as a significant player in the crypto ecosystem.

Launch of the USDe Reward Program

In conjunction with the listing, Binance has announced a reward program for USDE holders. Accounts holding at least 0.01 USDE are eligible for regular rewards, encouraging user participation. The initial reward distribution is slated for the end of this month, with weekly distributions to follow.

Reward calculations will consider minimum USDE balances across Spot, Futures, Margin, and Funding accounts, including balances used as collateral. Daily balance recording times will be randomly determined, ensuring fairness. Detailed information regarding reward rates and Annual Percentage Rate (APR) will be provided by Binance in due course.