Yeliz Akmaca 
Binance has announced that it will list Ethena USDe (USDe) on its spot market. Trading pairs will go live on September 9, 2025, at 12:00 (UTC).
Trading Pairs and Details
- New Spot Pairs: USDe/USDC, USDe/USDT
- Listing Fee: 0 BNB
- Deposits: Open now for users to prepare for trading.
- Withdrawals: Available from September 10, 2025, at 12:00 (UTC). (Estimated time, please check the withdrawal page for the actual status.)
About Ethena USDe (USDe)
USDe is the largest non-fiat backed dollar asset in the market with a circulating supply exceeding $12 billion. The collateral backing includes delta-hedged crypto-assets such as BTC and ETH, along with vanilla stablecoins.
The protocol behind USDe, Ethena, currently manages more than $14 billion in TVL, making it the third-largest and fastest-growing USD-denominated crypto asset in history. Ethena has integrated with major centralized exchanges and leading DeFi applications, serving one of the largest DeFi user bases.
Binance USDe Rewards
- Binance is also launching a reward program for USDe holders. Users with at least 0.01 USDe on Binance will regularly earn rewards.
- Rewards accrued in September 2025 will be distributed as a one-time payment by the end of the month.
- From October onward, rewards will be distributed weekly.
- Calculations are based on the minimum daily snapshot of USDe balances across Spot, Funding, Futures, and Margin accounts—including USDe used as collateral.
Further details, including APR and distribution schedule, will be announced separately.
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