Ethena Labs' USDe Surpasses $13B After Binance Listing

According to a post, Ethena Labs' USDe rose to over $13 billion after being listed on Binance; the specific metric and timing were not specified.

USDE
ENA

Summary

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value relative to a reference asset, commonly fiat currency.
  • Binance listing: The inclusion of a token on Binance, enabling trading on the exchange’s markets.
  • USDe: A stablecoin developed by Ethena Labs; the post notes it surpassed $13 billion after its Binance listing.