On September 9, 2025, Binance announced the listing of Ethena USDe (USDE), introducing new trading pairs USDE/USDC and USDE/USDT for its users, effective immediately. Users can also begin depositing USDE coins to their Binance accounts as of today. This move highlights Binance’s effort to provide diversified trading options to its global user base, thus enhancing liquidity on its platform.
Details on Ethena USDe’s Trading Initiation
Binance will activate spot trading pairs for USDE on September 9, 2025, from 3:00 PM local time. Withdrawals will become available on September 10, 2025, starting at 3:00 PM. Impressively, the exchange has set the listing fee for USDE at zero BNB, further lowering the barrier for user transactions and engagement within the ecosystem.
Ethena USDe stands out as the largest non-fiat-backed dollar asset with a supply exceeding $12 billion. Backed by delta-hedged assets of cryptocurrencies like Bitcoin 
$75,226 and Ethereum 
$2,315, along with stablecoins, USDE holds its ground as the third-largest stablecoin pegged to the US dollar. This stature reflects its robustness and reliability in the stablecoin market.
The Ethena protocol boasts more than $14 billion in total locked value (TVL), a testament to its broad acceptance and trust amongst users. Through integrations with centralized exchanges and DeFi applications, the protocol successfully reaches a vast audience, establishing itself as a significant player in the crypto ecosystem.
Launch of the USDe Reward Program
In conjunction with the listing, Binance has announced a reward program for USDE holders. Accounts holding at least 0.01 USDE are eligible for regular rewards, encouraging user participation. The initial reward distribution is slated for the end of this month, with weekly distributions to follow.
Reward calculations will consider minimum USDE balances across Spot, Futures, Margin, and Funding accounts, including balances used as collateral. Daily balance recording times will be randomly determined, ensuring fairness. Detailed information regarding reward rates and Annual Percentage Rate (APR) will be provided by Binance in due course.
