Ethena USDe: Major Developments in the Stablecoin Market

Key Points:* The Binance listing of Ethena USDe impacts stablecoin markets and involves several financial shifts.

• Ethena becomes the third-largest stablecoin issuer globally.
• USDe supply surge contributes to institutional confidence. Binance is set to list Ethena USDe (USDe) on September 9, 2025, featuring spot trading pairs USDe/USDC and USDe/USDT, marking a significant development in stablecoin markets.

This listing is anticipated to reshape market dynamics, boosting USDe’s liquidity and market position, buoyed by substantial investments and rapid supply growth within the stablecoin sector.

Ethena USDe Launch Sparks $530M Investment

Binance will list Ethena USDe at 8:00 PM (Beijing Time) on September 9, 2025, offering spot trading pairs USDe/USDC and USDe/USDT. This decision aligns with significant institutional investments, showcasing broad market confidence. StablecoinX has significantly increased its investment in Ethena, revealing a $530 million PIPE investment.

USDe will see withdrawals open on September 10, 2025, a day after deposits began. The introduction of Ethena USDe enhances the utility and reach of Ethena’s stablecoin mechanics, attracting increased institutional interest. The recent surge in USDe’s supply, rising by 31% to reach $12.6 billion, underscores Ethena’s growing influence in the stablecoin sector.

StablecoinX Representative, Major Investor, – “Our $530M PIPE investment underlines our confidence in Ethena’s delta-neutral stablecoin architecture and the long-term growth of the ecosystem.”

Industry observers view Binance’s listing as a catalyst for broader DeFi and CeFi involvement.

Ethena USDe Reaches $12.91B Market Cap in Record Time

Did you know? Surpassing the $10 billion supply milestone within ten months contrasts USDT’s timeline of 88 months, positioning Ethena USDe as a historic achievement in the stablecoin sector.

According to CoinMarketCap, Ethena USDe (USDe) maintains a price of $1.00, with a market cap of $12.91 billion as of September 9, 2025. Its circulating supply is 12.90 billion with an infinite max supply. Trading volume in the last 24 hours increased by 452.94%, while recent price movements show minor fluctuations.

Ethena USDe(USDe), daily chart, screenshot on CoinMarketCap at 07:10 UTC on September 9, 2025. Source: CoinMarketCap Coincu’s research team anticipates the regulatory impact will depend on compliant practices and engagement with global financial bodies and might spur a trend towards similar delta-neutral models in stablecoin development.

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