Ethena's synthetic dollar, USDe, has been listed on the LBank exchange. The listing includes both a spot trading pair and a dollar earn product, providing users with another venue for Ethena-powered dollar savings.

USDe, Ethena's flagship synthetic dollar, is now available for trading on LBank as a spot pair, primarily against USDT, with additional pairings like BTC/USDe. This listing marks another milestone for Ethena, as LBank joins a growing list of exchanges supporting Ethena-powered dollar savings features. According to Ethena Labs, the addition enables seamless access to their crypto-native stablecoin solution, which is designed to provide stability through delta-hedging strategies involving Bitcoin, Ethereum, and other approved assets.

The standout feature of this listing is LBank's "USDE Hold and Earn" program, which offers users a 5% Annual Percentage Yield (APY) with zero fees. Participants can simply hold USDe in their LBank accounts to automatically accrue rewards—no locking, staking, or additional actions required. This passive earning mechanism aligns with Ethena's mission to create scalable, yield-bearing dollar alternatives in the decentralized finance (DeFi) ecosystem.