{"id":11810,"date":"2025-09-26T06:45:21","date_gmt":"2025-09-26T06:45:21","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethena-expands-defi-reach-to-plasma-with-usde-and-susde-as-core-dollar-assets\/"},"modified":"2025-09-26T06:45:24","modified_gmt":"2025-09-26T06:45:24","slug":"ethena-expands-defi-reach-to-plasma-with-usde-and-susde-as-core-dollar-assets","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethena-expands-defi-reach-to-plasma-with-usde-and-susde-as-core-dollar-assets\/","title":{"rendered":"Ethena expands DeFi reach to Plasma with USDe and sUSDe as core dollar assets"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethena Labs has launched USDe and sUSDe on Plasma, making its key dollar assets central to the new layer 1\u2019s decentralized finance ecosystem from day one.<\/p>\n<div id=\"cn-block-summary-block_d89307000bbc3549f35ff7cf9c240274\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethena launched USDe and sUSDe on Plasma\u2019s mainnet.<\/li>\n<li>Aave markets opened with $1B capacity backed by Binance liquidity.<\/li>\n<li>USDe supply has reached $14B, now third-largest stablecoin.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The launch took place on Sept. 25 alongside Plasma\u2019s mainnet beta, which opened with more than $2 billion in stablecoin liquidity and over 100 integrations.<\/p>\n<p>According to Ethena\u2019s (ENA) announcement on X, USDe and sUSDe went live across Aave, Curve, Balancer, and Fluid on day one, with Pendle set to follow.<\/p>\n<h2 class=\"wp-block-heading\">Aave launch with Liquid Leverage<\/h2>\n<p>On Plasma, Aave introduced Liquid Leverage markets with $500 million of USDe and $450 million of sUSDe deposit capacity. The pools will benefit from an influx of USDT liquidity from Binance Earn.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ethena launches today on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/PlasmaFDN?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@PlasmaFDN<\/a> as a core dollar asset within their DeFi ecosystem.<\/p>\n<p>Liquid Leverage is live on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/aave?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Aave<\/a>&#8216;s Plasma instance, with nearly $1 billion of USDe &amp; sUSDe deposit capacity which will benefit from the supply of USDT from Binance Earn.<\/p>\n<p>More Ethena-powered\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/sOYqZtw04Y\">https:\/\/t.co\/sOYqZtw04Y<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/lpBR7M3E0B\">pic.twitter.com\/lpBR7M3E0B<\/a><\/p>\n<p>\u2014 Ethena Labs (@ethena_labs) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ethena_labs\/status\/1971198847201473017?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 25, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>USDe and sUSDe deposits on Aave also earn Ethena Points, while rewards from leverage strategies can be claimed through Merkl. Beyond Aave, users can access USDe across Curve, Balancer, and Fluid, with bridging enabled via Plasma\u2019s UI and Stargate Finance.<\/p>\n<h2 class=\"wp-block-heading\">Ethena\u2019s rapid cross-chain expansion<\/h2>\n<p>The Plasma launch continues Ethena\u2019s push across multiple networks. Earlier this month, USDe and sUSDe went live on Avalanche with AVAX rewards and integrated with the Optimism Superchain through OVaults. <\/p>\n<p>Ethena also raised $530 million through Stablecoin X and launched MegaUSD with MegaETH, bringing the supply of USDe close to $14 billion.<\/p>\n<p>Plasma is positioning itself as a stablecoin-native Layer 1 with sub-second finality and Bitcoin-secured DeFi. Backed by Bitfinex, Bybit, Paolo Ardoino, and Peter Thiel, it entered the market with a $10 billion fully diluted valuation for its native token.<\/p>\n<p>With Ethena\u2019s assets embedded across key venues and Pendle\u2019s yield products set to follow, USDe and sUSDe are anchoring early adoption on the network.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethena Labs has launched USDe and sUSDe on Plasma, making its key dollar assets central to the new layer 1\u2019s decentralized finance ecosystem from day one. Summary Ethena launched USDe&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11810"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11810\/revisions"}],"predecessor-version":[{"id":11811,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11810\/revisions\/11811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1672"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}