Ethena USDe listing on Binance: What do you need to know about synthesizing USD

According to Bijie.com, Binance will launch Ethena USDe (USDe) at 20:00 today, providing traders with direct investment channels. The synthetic stablecoin is based on Ethereum and remains pegged to the US dollar through cryptocurrency collateral and futures contracts, distinguishing it from the stablecoins supported by traditional fiat currencies. The launch is expected to increase USDe's liquidity and market confidence, with a market value of nearly US$13 billion.