Ethena Labs, Bitget Collaboration Gains Traction: USDe Now Available for Traders and Stakers

Lately every major Web3 project is rushing to partner with Ethena Labs. Its synthetic dollar offers stable value reference and makes way for more reliable transactions.

Ethena Labs, the company behind the core new-gen stablecoin USDe, has announced that its asset is now available on Bitget.

The integration of USDe will enable Bitget users to utilize it as collateral to trade coin-margined perpetual futures or as a savings product.

According to the announcement, both new products will offer APY rates of up to 15% to all holders interested in trading and investing USDe.

Bitget users are the first in the market to have an opportunity of receiving a yield from their stable derivatives margin collateral, the exchange noted.

Ethena Labs, a Web3 company focused on creating synthetic dollars, has announced a collaboration with Bitget, a top-tier cryptocurrency exchange. This integration will make USDe, Ethena's core stablecoin, available to Bitget's vast user base of over 25 million people.

The announcement highlights that USDe will be offered across a range of Bitget products, including Bitget Savings and Coin-Margined (Coin-M) Contracts services. This will enable Bitget users to utilize USDe as margin collateral for coin-m margined perps & futures. Additionally, USDe will be available for zero fee spot trading on the USDe/USDT pair and in the earn section.

Ethena is already known for its collaborations with various Web3 projects, including Bybit, Bouncebit, Solv Protocol and OKX. However, its recent partnership upgrade with Bitget goes beyond just an ordinary offering.

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News source：https://www.kdj.com/cryptocurrencies-news/articles/ethena-labs-bitget-collaboration-gains-traction-usde-traders-stakers.html

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