Bybit, one of the world’s leading cryptocurrency exchanges in terms of trading volume, has incorporated Ethena Labs’ synthetic dollar, USDe, as a collateral option for trading, according to the information shared with Finbold on May 8.
The integration aims to enhance capital efficiency for traders, enabling them to earn yields on their base assets while trading through their Bybit’s Unified Trading Account.
The importance of Ethena Labs’ synthetic dollar
Hao Yang, head of financial products at Bybit, expressed the significance of the integration, stating:
“Our decision to integrate Ethena Labs’ synthetic dollar, USDe, as a collateral asset on Bybit is a game-changer. What we’re seeing is Ethena setting up USDe to become a competitor to USDT, which became the giant it is by dominating the trading pair market on crypto exchanges. This creates a dynamic dualism between TradFi-backed stablecoins such as USDT and crypto-native solutions like USDe.”
Yang furt
We współpracy z: https://finbold.com/bybit-integrates-ethena-labs-usde-as-trading-collateral/
