Expansion of Ethena and Bybit Partnership: 3 New Channels to utilize USDe

May 10, 2024Partnerships

Disclaimer: This is a general announcement. Products and services referred to here may not be available in your region. Please refer to T&C for more details.

We are thrilled to announce a significant expansion in the partnership between Bybit and Ethena, marking one of the most crucial developments for USDe adoption to date. This enhanced collaboration is set to integrate USDe more deeply into the Bybit ecosystem, paving the way for a broader adoption of this innovative, crypto-native stablecoin.

What's New

Enhanced Trading Opportunities: USDe will now serve as collateral for trading perpetual contracts on Bybit. This feature allows users to leverage their holdings more effectively while potentially capturing yield, boosting both flexibility and profitability in trading strategies.

Zero Fee Spot Trading: In a move to increase accessibility and encourage trading, Bybit will introduce BTC and ETH spot pairs against USDe with zero trading fees. This initiative is designed to foster more seamless and cost-effective trading experiences for our users.
Integration into Bybit's Earn Platform: USDe will also be integrated into Bybit’s Earn platform, providing users with additional options to grow their investments through various earning schemes. This integration aims to enhance the utility and attractiveness of USDe as a stablecoin option.

Stay Tuned to Upcoming Events

Stay tuned for a series of exciting events designed to celebrate and promote the expanded use of USDe on our platform. While details are still being finalized, these upcoming events promise to offer exceptional opportunities for our users to engage with and benefit from this expanded partnership.

This collaboration between Bybit and Ethena not only signifies a milestone in the evolution of digital finance but also reinforces our shared commitment to innovation and the development of the crypto industry. As we continue to bridge the gap between traditional financial systems and digital economies, we forward to further driving the adoption and functionalities of USDe in the crypto landscape.

Risk Warning: Trading in cryptocurrencies involves significant risks. We advise all our users to conduct thorough independent analysis and seek appropriate advice before engaging in any trading activities.