Bybit’s Integration of Ethena’s USDe Marks Significant Shift, Says Hao Yang

• Bybit, a leading global cryptocurrency exchange, has integrated Ethena Labs’ synthetic dollar, USDe, into its trading platform.
• The integration is set to improve capital efficiency by allowing traders to earn yields on their base assets while using Bybit’s Unified Trading Account.
• Hao Yang, the head of financial products at Bybit, anticipates USDe emerging as a strong contender to USDT in crypto exchange trading pairs.

Bybit’s recent integration of Ethena Labs’ synthetic dollar, USDe, is set to revolutionize trading efficiency and flexibility, offering a competitive alternative to traditional stablecoins.

Bybit Enhances Trading Efficiency with USDe Integration

Bybit, recognized as one of the top three global cryptocurrency exchanges by trading volume, has recently integrated Ethena Labs’ synthetic dollar, USDe, as an option for collateral in trading activities. This move is expected to improve capital efficiency by enabling traders to earn yields on their base assets while using Bybit’s Unified Trading Account. In addition, Bybit plans to introduce more USDe spot pairs in the upcoming months.

USDe: A Competitive Player Against Traditional and Crypto-Native Stablecoins