Binance Lists Ethena USDe; Market Celebrates with Strong Response

Binance has officially listed Ethena’s USD-backed stablecoin (USDe), marking a significant milestone for both the project and its investors. This listing saw ENA, the native token of the platform, surge by over 8% intraday in response to the increased trading opportunities and buyback potential this launch unlocks. 2025 marks a key development for Ethena Labs as they activate their fee switch. This will unlock up to $500 million in buybacks for ENA holders and is set to impact market dynamics, similar to previous successful listings of stablecoins on Binance.