According to the announcement from Binance, the platform will list Ethena USDe (USDe) and open trading for the USDe/USDC and USDe/USDT spot trading pairs on 2025-09-09 at 12:00 (UTC). Users can begin depositing USDe in preparation for trading, with a listing fee of 0 BNB. Withdrawals for USDe are scheduled to open on 2025-09-10 at 12:00 (UTC), although this time is an estimate and users should check the withdrawal page for the actual status.
Ethena USDe is recognized as the largest non-fiat backed dollar asset, boasting a supply exceeding $12 billion. The collateral backing includes delta-hedged crypto-assets like BTC and ETH, along with vanilla stablecoins. Ethena, the protocol behind USDe, is noted for being the third-largest and fastest-growing USD-denominated crypto-asset, with over $14 billion in total value locked (TVL). It has a significant user base from DeFi protocols and is integrated with major centralized exchanges and DeFi applications.
For users holding at least 0.01 USDe on Binance, rewards will accrue regularly. Rewards accumulated during September 2025 will be distributed as a one-time payment by the end of the month, with subsequent rewards disbursed weekly. The rewards are calculated based on the minimum snapshot of the USDe balance across various Binance accounts, including Spot, Funding, Futures, and Margin accounts. The snapshot is taken randomly between 00:00 and 23:59 (UTC) each day.
Trading eligibility for the new pairs is subject to the user's country or region of residence. Currently, users in the European Union, European Economic Area, Canada, Australia, and several other regions are restricted from trading these pairs. This list may change due to legal and regulatory updates. Users must complete account verification to trade these new pairs.
