TechFlow News, Bybit has announced a collaboration with Ethena Labs to integrate the synthetic dollar USDe as collateral into its Unified Trading Account. Users will be able to use USDe as collateral to trade perpetual contracts on all assets and new spot trading pairs between USDe and Bitcoin and Ethereum will be added.
In addition, USDe will be launched on Bybit's Earn platform, enabling users to participate in liquidity mining. Ethena Labs stated that this partnership will expand the use cases for USDe and further challenge the dominance of existing stablecoins.
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