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Upbit Lists Ethena’s USDe Synthetic Stablecoin (engineered price-pegged token) — Adds KRW, BTC, USDT Pairs

Upbit (South Korea’s largest crypto exchange) will open KRW (South Korean won), BTC, and USDT (Tether stablecoin) trading for USDe, a synthetic stablecoin (engineered price-pegged token) using a delta-neutral structure (hedged to offset price moves).

BTC
USDT
USDE

Summary

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Terms & Concepts
  • Synthetic stablecoin: A crypto token engineered to maintain stable value.
  • Delta-neutral structure: A hedging approach designed to offset price exposure.
  • Trading pair: A market listing that quotes two assets for exchange.