Ethena

**Pendle USDe Principal Tokens are now live on Plasma**, offering attractive yields and reward multipliers for users. **Key Features:** - USDe YT holders earn **60x Ethena Points** + XPL liquid rewards - sUSDe YTs provide **20x Points** + XPL liquid rewards - Both USDe and sUSDe PTs offer **~10% rates**, above mainnet levels - Deep liquidity available across both trading pairs **Upcoming Integration:** Aave will soon onboard both sUSDe PT and USDe PT as collateral, expanding utility for leveraged positions. **Market Context:** With over **$3.5 billion USDT** already on Aave Plasma, the platform is positioned to become the second-largest venue for leveraged Ethena PT exposure. This launch builds on Ethena's September expansion, which saw USDe supply hit $14.5B and partnerships with major platforms like Binance.

**Ethena's stablecoin ecosystem hits new record** The combined Total Value Locked (TVL) for Ethena's USDe and USDtb stablecoins has **surpassed $16 billion**, marking another all-time high for the protocol. **Key highlights:** - Both USDe and USDtb contributing to the milestone - Continued growth trajectory from previous $6B supply milestone in July - Demonstrates sustained adoption in the stablecoin market This achievement reflects **growing confidence** in Ethena's synthetic dollar approach and positions the protocol as a significant player in decentralized stablecoin infrastructure.

**Binance has launched Ethena-powered dollar savings** for its 280+ million users, offering **12% APR on unlimited USDe holdings**. Key details: - Available to all Binance users immediately - No size limits on deposits - Part of expanded Ethena-Binance partnership This integration gives Binance's massive user base access to USDe, which Ethena describes as a fast-growing digital dollar. The platform manages over $190 billion in user assets. **More USDe products coming** across additional Binance services in the coming weeks and months, signaling deeper collaboration between the two platforms. The 12% yield represents a significant return opportunity for stablecoin holders seeking alternatives to traditional savings products.