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Ethena Launches USDe and sUSDe on BNB Chain
In a groundbreaking move, Ethena has successfully launched its USDe (USD-pegged stablecoin) and sUSDe (short-term USD-pegged stablecoin) on the Binance Smart Chain (BNB Chain). This strategic partnership enables users to access an expanded DeFi ecosystem and experience unparalleled flexibility.
The integration of these two innovative stablecoins with StargateFinance, a cross-chain bridging solution from Ethena, empowers users to transfer USDe and sUSDe between different blockchain networks. This breakthrough enhances the overall DeFi experience by allowing for seamless interactions across various ecosystems.
Users can now utilize the benefits of decentralized finance (DeFi) on multiple chains, taking advantage of unique opportunities and earning passive income through 30x rewards on PancakeSwap and Pendle, as well as significant rewards on Venus. The enhanced platform offers unparalleled flexibility, catering to an increasingly diverse user base seeking innovative financial solutions.
Ethena’s commitment to innovation is evident in its relentless pursuit of multi-chain capabilities, fostering a dynamic DeFi environment that prioritizes inclusivity and accessibility. This development further solidifies the company’s position as a prominent player within the decentralized finance space.
More News:
* Ethena Labs Raises $100M For TradFi Expansion With New Token
Source: https://www.cryptoninjas.net/news/ethena-launches-usde-and-susde-on-bnb-chain/
