{"id":41903,"date":"2024-11-22T17:18:11","date_gmt":"2024-11-22T17:18:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/deribit-exchange-announces-integration-of-ethenas-usde-as-margin-collateral\/"},"modified":"2024-11-22T17:18:11","modified_gmt":"2024-11-22T17:18:11","slug":"deribit-exchange-announces-integration-of-ethenas-usde-as-margin-collateral","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/deribit-exchange-announces-integration-of-ethenas-usde-as-margin-collateral\/","title":{"rendered":"Deribit Exchange announces integration of Ethena&#8217;s USDe as margin collateral"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/04_Deribit-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/04_Deribit-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/04_Deribit-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/04_Deribit-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Deribit will integrate Ethena\u2019s USDe as collateral by January 2025.<\/li>\n<li>USDe\u2019s decentralized model uses derivatives, unlocking new structured products.<\/li>\n<li>Ethena\u2019s governance token ENA token hit an intraday high of $0.63 on the integration news.<\/li>\n<\/ul>\n<p>In a groundbreaking move for the cryptocurrency derivatives market, Deribit, one of the world\u2019s largest crypto derivatives exchanges, has <a href=\"https:\/\/x.com\/DeribitExchange\/status\/1859905540912288192\">revealed<\/a> plans to integrate Ethena\u2019s synthetic dollar, USDe, into its cross-collateral pool.<\/p>\n<p>This integration, set to launch in early January 2025, is contingent upon receiving regulatory approval.<\/p>\n<h2>USDe\u2019s integration into Deribit Exchange<\/h2>\n<p>Ethena\u2019s USDe, a synthetic stablecoin pegged to the US dollar, offers unique decentralized backing through delta-hedging derivatives in perpetual and futures markets.<\/p>\n<p>Unlike traditional stablecoins backed by physical reserves, USDe\u2019s innovative model enhances decentralization while maintaining stability.<\/p>\n<p>The integration with Deribit promises to unlock new possibilities for traders. According to Guy Young, founder of Ethena Labs, this initiative will pave the way for \u201ccompletely new structured product use cases\u201d that were previously unattainable with conventional stablecoin collateral.<\/p>\n<p>Young emphasized the significance of this development, stating that Deribit\u2019s dominant market share\u2014over 85% in the cryptocurrency options space\u2014positions the platform as a pivotal venue for USDe adoption.<\/p>\n<p>As part of the integration, users will be able to use USDe as margin collateral and earn rewards, adding to its utility within the trading ecosystem.<\/p>\n<p>This announcement marks another milestone for Ethena, as other major exchanges, including Bitget and Gate, have also begun incorporating USDe into their platforms.<\/p>\n<h2>Ethena (ENA) price surges<\/h2>\n<p>The integration has already impacted Ethena\u2019s ecosystem, with its governance token, ENA, experiencing a notable price surge. After the announcement, ENA\u2019s value rose by 13% to reach an intraday high of $0.63.<\/p>\n<p>Although the token has pulled back to around $0.5896, the token has gained approximately 62% over the past month, reflecting growing confidence in Ethena\u2019s innovative financial products.<\/p>\n<p>Ethena Labs, founded in 2023, continues to expand its offerings, including its recently announced stablecoin project, UStb (USTB), developed in collaboration with BlackRock and Securitize.<\/p>\n<p>The partnership with Deribit underscores Ethena\u2019s commitment to bridging traditional finance and decentralized ecosystems.<\/p>\n<p>With Deribit\u2019s backing and increasing market interest, USDe is poised to redefine margin trading dynamics, signalling a significant step forward for both crypto-native and traditional finance participants.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/deribit-exchange-announces-integration-of-ethenas-usde-as-margin-collateral\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Deribit will integrate Ethena\u2019s USDe as collateral by January 2025. USDe\u2019s decentralized model uses derivatives, unlocking new structured products. Ethena\u2019s governance token ENA token hit an intraday high of $0.63 on the integration news. In a groundbreaking move for the cryptocurrency [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":41904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41903"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41903"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41904"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}