Ethena recaps September: EthenaPay beta, Binance perps, USDe growth

Ethena published its September recap on X, headlining the EthenaPay beta launch at the start of the month and the Binance partnership that extended the USDe basis trade into equity perpetuals for the first time.

The recap also noted USDe supply grew by over $700 million during September and that Standard Chartered initiated research coverage of the protocol. The post bundles several of the month's expansion threads — EthenaPay's neobank-style rollout, new collateral venues for the delta-neutral strategy, and rising TradFi attention on the stablecoin.