On September 9, 2025, Binance officially listed Ethena USDe, impacting market dynamics and the price of the ENA token.
Announcement of Ethena USDe Listing
Binance announced the addition of Ethena USDe on September 9, 2025. Trading commenced for USDe/USDC and USDe/USDT pairs, with withdrawals set to begin on September 10, 2025, marking a new milestone for Ethena Labs.
ENA Price Surge Post-Listing
Following the listing, ENA surged over 8% intraday, reaching a seven-month high. Data indicated a substantial rise in Ethena's Total Value Locked (TVL), reflecting increased investor interest.
Impact of Fee Switch Activation
The listing facilitated the activation of a long-planned fee switch, potentially unlocking up to $500 million for ENA buybacks. This led to increased protocol engagement, aligning with the anticipated outcomes of the DeFi community.
Binance's announcement regarding the listing of Ethena USDe represents a significant event for Ethena Labs, impacting token prices and market activity.
