Deribit, one of the largest crypto derivatives exchanges, plans to integrate Ethena's synthetic stablecoin, USDe, into its cross-collateral pool. This integration is set to launch in early 2025 pending regulatory approval. USDe offers unique decentralized backing through delta-hedging derivatives, enhancing decentralization while maintaining stability. The integration will provide new opportunities for traders and allow users to use USDe as margin collateral and earn rewards. Other major exchanges, including Bitget and Gate, have also begun incorporating USDe into their platforms. Ethena's governance token, ENA, experienced a notable price surge after the announcement. Ethena Labs continues to expand its offerings, including its stablecoin project UStb. The partnership with Deribit highlights Ethena's commitment to bridging traditional finance and decentralized ecosystems. USDe is expected to redefine margin trading dynamics with support from Deribit and growing market interest.



Other News from Today