According to the announcement from Binance, the platform is launching a new USDe rewards program, offering users an opportunity to earn increased rewards. The program includes a limited-time promotion with a 12% Annual Percentage Rate (APR) for eligible participants. Users holding a minimum of 0.01 USDe in their Binance accounts for at least 24 hours during the promotion period will qualify for the enhanced APR. The promotion runs from 2025-09-22 00:00 (UTC) to 2025-10-21 23:59 (UTC).
The rewards calculation and distribution process is detailed in the announcement. Rewards begin accruing daily from the day after users hold the required minimum balance. For rewards accrued before 2025-09-22, the APR is set at 8%. During the promotion period, the APR increases to 12%. Daily rewards are calculated based on the minimum snapshot of the previous day's USDe balance, multiplied by the APR and divided by 365. Eligible balances include USDe held across Spot, Funding, and Margin accounts, including those used as collateral, in both master and sub-accounts. Rewards accrued before the promotion will be distributed as a one-time payment within 48 hours of the announcement, while rewards accrued during and after the promotion will be distributed weekly every Monday by 10:00 (UTC).
Ethena USDe is highlighted as the largest non-fiat backed USD-denominated crypto asset, with over $12 billion in supply. The collateral backing includes delta-hedged crypto assets such as BTC and ETH, alongside vanilla stablecoins. Ethena, the protocol behind USDe, boasts over $14 billion in total value locked (TVL) and is integrated across major centralized exchanges and DeFi applications. Users are advised to review the USDe Campaign Terms & Conditions and be aware of jurisdictional restrictions, as certain regions are excluded from participating in the rewards program.
