Hayes Slams Stack Into Ethena (ENA) As Binance Lists USDe

Looks like Arthur Hayes is betting the farm on Ethena (ENA), as the popular alternative chain’s USDe stablecoin just hit Binance. Arrival on the globe’s largest exchange by trading volume gives USDe enough credibility to compete with USDT, USDC, as USDe is already the third largest stablecoin by market cap. Rationale Behind $1M ENA Play Amid Binance’s USDe Nod As previously reported by DailyCoin, USDe is now available within the stablecoin based USDE/USDT & USDE/USDC pairs, as well as Binance Earn staking & yield-bearing collaterals for leveraged smart contracts. Surging to a $13 billion market cap right after listing,

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