The decentralized finance (DeFi) protocol Ethena Labs on the Ethereum blockchain has announced a formal partnership with Binance, the largest cryptocurrency exchange in the world, to help increase adoption for its digital dollar, USDe.
This initiative integrates Ethena’s stablecoin into Binance’s ecosystem of almost 280 million users, heralding one of the most significant integrations of a DeFi-native stablecoin into a centralized platform, UnoCrypto reported.
According to the Binance announcement, the USDe can now be utilized in trading savings products, leveraged as collateral for futures, and in new spot pairs.
The goal of this integration is to increase the use of stablecoins on centralized exchanges, which will only help facilitate some of the DeFi innovation for more of the population.
Binance Introduces USDe Rewards Program
To promote usage, Binance has announced a new rewards program for users holding USDe, offering a notably competitive 12% annual percentage rate (APR).
Notably, the promotion is expected to last from September 22 through October 21 of this year.
Users only need to maintain at least a balance of 0.01 USDe to get the increased APY for at least 24 hours in the account. After the promotion period, the standard APY for USDe rewards is 8%.
Reward Accrual and Distribution Mechanism
Binance has a comprehensive process in place for rewarding users and distributing rewards. Rewards will start accruing from the day after the user has met the minimum balance of 0.01 USDe.
To avoid bias, Binance will take random snapshots of balances across public, Spot, Funding, and Margin accounts each day of promotion.
All rewards accrued before September 22 will be distributed in total. All rewards earned during or after the promotion will be distributed weekly (Mon).
Also, all rewards will be credited directly to users’ spot accounts. This format is designed to ensure all users can exercise transparency regarding their participation in the promotion and easy access to all accrued rewards.
Also Read: Ethena $ENA Price Rises 10% To $0.85 As South Korean Retail Demand Mirrors $443 Million Net Buys
How Users Can Participate in the Program?
Binance has simplified the process of obtaining USDT in several ways.
Users who meet the eligibility requirements will be able to trade USDe on the spot market without fees at the USDe/USDT pair from September 22 to December 23, 2025.
Additionally, USDe can also be purchased directly on the Buy Crypto page of Binance, or transferred as a deposit from an external wallet to a Binance account.
After you have USDe, holding a minimum of at least 0.01 USDe across your eligible accounts is necessary to start receiving rewards.
There are no maximum limits on what you can hold, which allows room for both retail users and larger investors to earn a yield.
Also Read: MEXC Ventures Invests $36 Million in Ethena and USDE to Lead Cryptocurrency Adoption
Ethena’s Growing Momentum and Institutional Backing
This collaboration occurs at a time of increasing institutional interest in Ethena Labs.
Venture firm ArkStream deepened its commitment to Ethena with a $10 million investment on September 6th, affirming confidence in Ethena’s “dual-track” financing model, according to UnoCrypto.
Subsequently, on September 19th, we reported that YZi Labs, the CZ-backed venture supported by Binance, deepened its trust in Ethena following USDe’s market capitalization exceeding $13 billion.
Ethena enjoys the distinction of being the third-largest dollar-pegged asset in crypto, based on supply and total value locked (TVL).
Lastly, the partnership with Binance shows the growing profile in the stablecoin space.
Also Read: Crypto Exchange MEXC Invests $20 Million In Ethena’s USDe To Boost Stablecoin Adoption