Altcoin Supported by Binance (BNB) Receives Additional Backing from Another Exchange

• Bybit, one of the largest derivative exchanges in the crypto sector, has begun supporting the stablecoin issued by Ethena Labs.
• The stablecoin, named USDe, will be used as an underlying asset in perpetual futures contracts on Bybit.
• Bybit will also open trading pairs against USDe in its Bitcoin and Ethereum spot markets.

Bybit, a major crypto derivatives exchange, has started supporting Ethena Labs’ stablecoin, USDe, opening new trading opportunities and challenging existing stablecoin hegemony.