Usde continues from Ethina Labes moves to place itself as a logical alternative to USDC and USDT with high competition degrees in Stablecoin. The latest in a series of progressive moves by Ethaina LABS on USDE, includes bybit, one of the largest exchanges in the industry at the present time.
According to tweet From Bybit, Exchange users can now MINT, recover, and earn USD on byBit on-chain, a continuous campaign. Ethena Labs also shared a tweet to celebrate the partnership, explaining that the new development allows BYBIT users with mint and original USDE without leaving the platform.
Usde Mint/Renteem now lives on the Bybit with ethena_labs!
Mint, recover, USDE-earning-on-on-shain earning! 🚀
Smooth. Without the trouble. Without limits.
Mint now: https://t.co/rzfjqhxilw pic.twitter.com/bz78ayi83l
– Bybit (bebit_official) March 4, 2025
Bybit is a partner in USDE ETHENA LABS ‘Distribution
According to a tweet from Ethena Labs regarding the new BYBIT partnership, there are more than $ 3.5 billion from Usdt and USDC on Bybit, and this function will help users of all sizes move smoothly between USDE and other Stablecoins at fixed costs. This is expected to help support deep liquidity on the stock exchange.
According to Ethina LABS, “This feature completely complements the ability of USDE to gain bonuses to keep American unity as well as using it as a guarantee of derivatives.”
Tweet I finish With the highlight of Ethena Labs, its commitment and bybit in creating innovative user experiences and improving capital efficiency for users.
With the integration of bybit, USD is gaining the base of larger users, making it more competition in the Stablecoin race, which has become more serious as the encryption industry is closer to collective adoption.
Regardless of the partnership with Bybit, Ethaina USDE also has a modern popularity in this industry as many other entities seem optimistic about it.
Last month, Mexc Cryptocurrency Exchang in Ithina invested as part of a wider batch to enhance the development and adoption of Stablecoin. MEXC announced on February 26, claiming that it had allocated $ 20 million to the American artificial dollar, and $ 16 million to developers Etheena Labs.
Like Bybit, Excination has also launched a million -dollar bonus bonuses to encourage participation in the US dollars and gathering trade. It is not difficult to know why Mexc is greatly committed.
Trysey Jin, chief operational officer on the stock exchange, believes that Stablecoins has a “pivotal role” to play in enhancing the use and adoption of cryptocurrencies.
Usde has Trading offer From about $ 5.4 billion, making it the third largest stablecoin through the market value.
More good news for Ethena Labs’ USDE
Mexc Ethaina’s investment closed a $ 100 million financing round with the support of major investors, including the famous Franklin Templeton.
According to the Bloomberg report, the collection of donations was funded by a special sale of the ELLETENA’s Exerance symbol, ENA and money will be used to build Blockchain and a symbol for the traditional financing industry.
According to the founder of Ethena Labs, Guy Young in a blog publication in January, Ethena plans to publish Iusde, a symbol with the only purpose of organizing financial institutions.
This distinctive symbol differs from USDE in that it is designed to “export” USDE benefits to traditional financial institutions. In short, its purpose is to fill the encryption revenues with organized financial markets.
Iusde shares the same neutral stability mechanism for the Delta such as USDE, which means that it maintains its connection by giving, however, it also includes “transportation restrictions” to comply with the regulatory requirements.
It is basically a wrapped version of SUSDE specially created for institutional use. Therefore, while USDE is available to ordinary users, IusDE will be restricted to the institutional players accredited through partnerships with Trafi distribution channels.
As far as it comes to return, it will provide a similar return for SusDE, which ranges between 10 and 20 %. However, it is described as the “savings code” for institutions to reach without direct exposure.
Ethena Labs in the Stablecoin competition
Usde stands out by ethena Labs from other Stablecoins, such as Tether and Circle USDC because it uses the hedge strategy to ensure encrypted currencies. Usde holders are also provided by 9 % by Ethena Labs.
Despite the largest exchange of exchange in the date that occurs last week, the weekly distribution of SusDE was completed by approximately APY
Swiss: ~ 9 %
Sasad: ~ 7 %
Ausdc: ~ 5 %
Ausdt: ~ 4 %
BFUSD: ~ 3 %Just use Ethinahttps://t.co/gigidkvgv3 pic.twitter.com/7mxsclxisw
– ethena labs (ethena_labs) February 27, 2025
Some experts see as a potential safe haven during the large periods of fluctuations in the broader encryption market. One of them is Arthur Hayes, the chief investment official of Maelstrom.
In fact, Hayes admires a lot, as he revealed that the Digital Asset Fund has sparked his exposure to USDe to “register levels”. Usde is already popular, but now it seems that the stand -up Stablecoins is gaining the ground, is expected to become more attractive.
Once again in February, the US Securities and Stock Exchange Committee (SEC) agreed to the country’s first standing security of the country from the market. The upcoming Ylds Stablecoin will allow users to earn interest payments on their property and experts believe that it indicates the organization’s intention to accommodate the fast -growing Stablecooin market.
According to Figure Markets, CEO of Mike Cagney was the application Present To SEC for more than a year. However, it was not taken seriously by the previous SEC administration as it eliminates the need for traditional financing.
“If I can keep this [stablecoin]If I can get this, if that is interesting, and I can actually use it for transactions, what do I need for a bank? Kajni said.
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