Ethena Labs launches USDe on Solana, integrating SOL as a potential backing asset pending governance approval.
Solana users can earn rewards with Ethena’s sUSDe and Sats through new partner protocol integrations.
Ethena Labs has taken a huge step forward by launching its stablecoin, USDe, on the Solana blockchain. This deployment is a watershed moment, made possible by the collaboration with LayerZero Labs Omnichain Fungible Token (OFT).
With this integration, Solana’s native cryptocurrency, SOL, has been included as a backing asset for USDe; however, this is still subject to governance approval. This step not only increases the usability of USDe on Solana, but also opens up new ways for consumers to interact with the ecosystem.
USDe is live on Solana as of today, August 7th
Read below for a list of our app integrations with USDe and sUSDe pic.twitter.com/vik1qESbN5
— Ethena Labs (@ethena_labs) August 7, 2024
Solana Users Gain New Opportunities with USDe and SOL Integration
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