Quick Breakdown
- Binance listed Ethena’s USDe on Sept 9, with withdrawals live Sept 10.
- USDe is now the third-largest stablecoin, with $12B+ in circulation.
- Binance launched a reward program for verified USDe holders.
Binance has announced the listing of Ethena’s USDe, with spot trading pairs against USDC and USDT going live on September 9 at 12:00 UTC. Withdrawals will open the following day at the same time. The move brings one of the fastest-growing stablecoins to the world’s largest crypto exchange, signaling a major step in the rise of non-fiat backed digital dollars.
Binance will list Ethena USDe (USDe).
More information 👉 https://t.co/xUrY0OAhLc pic.twitter.com/otHEZ4yHus
— Binance (@binance) September 9, 2025
USDe’s Market Breakthrough
Ethena’s USDe has rapidly become the third-largest dollar-pegged crypto asset in history, now circulating over $12 billion. Unlike fiat-backed stablecoins, USDe is collateralized through a mix of delta-hedged crypto assets like Bitcoin and Ethereum, alongside conventional stablecoins.
Ethena’s total value locked (TVL) has surged past $14 billion, reflecting strong traction across both centralized exchanges and leading DeFi platforms. With Binance now in the mix, USDe’s liquidity and on-chain utility are set for a global boost.
Rewards for USDe Holders
To drive adoption, Binance will roll out a reward program for USDe users. Holders maintaining a minimum balance of 0.01 USDe will accrue rewards, with the first payouts scheduled for the end of September, followed by weekly disbursements. Rewards will be based on daily balance snapshots across Spot, Funding, Futures, and Margin accounts—including collateralized holdings.
Participation, however, will be restricted in jurisdictions such as the U.S., Canada, the EU, and Japan due to regulatory barriers. Full account verification is required for eligibility.
The listing highlights Binance’s role in advancing stablecoin diversity, giving traders access to assets built outside traditional fiat systems. With integrations already spanning major crypto ecosystems, USDe’s presence on Binance cements its place as a serious contender in both DeFi and institutional markets.
Meanwhile, Moonchain (MCH) marked its token generation event (TGE) with a dual debut on Binance Alpha and Gate.io. Binance Alpha opened trading at 11:00 UTC on September 3, followed by Gate.io an hour later, setting the stage for the project’s market entry.
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