Ethena Labs, which entered the cryptocurrency world with ENA and USDe coins, has established an important partnership with the Bybit exchange. According to the agreement, the USDe stablecoin will be the collateral asset in the exchange's continuous futures transactions. In addition, USDe will also be used in Bitcoin and Ether spot trading pairs.

As it is known, the most demanded stablecoin in the world in this sense is USDT with a market capitalization of over $100 billion.

USDe will also be available on Bybit's Earn platform. Customers will be able to lock USDe in the staking area in Bybit's Launchpool.

Andrew Tate made a statement about Ethereum! Andrew Tate made a statement about Ethereum!

"This partnership with Bybit will significantly expand the use of USDe," said Guy Young, founder of Ethena Labs, in a statement on the deal.

Ethena Labs, which is also advised by Arthur Hayes, added Bitcoin to the assets supporting USDe last week.

Editor: David Goodman