Ethena Labs的USDE繼續採取行動將自己定位為USDC和USDT的邏輯替代品

Ethena Labs的USDE繼續採取行動將自己定位為USDC和USDT的邏輯替代品，因為Stablecoin競爭激增。

Ethena Labs' USDe continues to make moves to position itself as a logical alternative to USDC and USDT as the stablecoin competition heats up. The latest in a series of progressive moves Ethena Labs has made regarding USDe involves Bybit, one of the largest exchanges in the industry right now.

Ethena Labs的USDE繼續採取行動將自己定位為USDC和USDT的邏輯替代品，因為Stablecoin競爭激增。 Ethena Labs關於USDE的一系列進步行動中的最新動作涉及Bybit，Bybit是該行業中最大的交易所之一。

According to a tweet from Bybit, the exchange's users can now mint, redeem, and earn USDe on Bybit On-chain earn, an ongoing campaign. Ethena Labs also shared a tweet to commemorate the partnership, explaining that the new development allows Bybit users to mint and redeem USDe natively without leaving the platform.

根據Bybit的一條推文，交易所的用戶現在可以在Bybit鏈上賺錢，兌換並賺取USDE，這是一項正在進行的活動。 Ethena Labs還分享了一條推文來紀念合作夥伴關係，並解釋說，新開發項目使Bybit用戶可以在不離開平台的情況下鑄造和兌換USDE。

USDe Mint/Redeem now live on Bybit with @ethena_labs!

USDE MINT/贖回現在與@ethena_labs一起生活在Bybit上！

Mint, redeem, and earn USDe—exclusively on Bybit On-Chain Earn! 🚀

薄荷，兌換和賺取USDE-在Bybit上固定鏈接！ 🚀

Seamless. Effortless. Limitless.

無縫的。毫不費力。無限。

Mint Now: https://t.co/rZFJQhxilw pic.twitter.com/bZ78AyI83l

現在造幣

— Bybit (@Bybit_Official) March 4, 2025

- bybit（@bybit_official）2025年3月4日

According to the tweet from Ethena Labs regarding the new Bybit partnership, there is over $3.5bn worth of USDT & USDC on Bybit, and this functionality will help users of all sizes to seamlessly move between USDe and other stablecoins at fixed costs. This is expected to help support deeper liquidity on the exchange.

根據Ethena Labs關於新的BYBIT合作夥伴關係的推文，BYBIT上有超過35億美元的USDT和USDC，此功能將幫助各種規模的用戶以固定成本在USDE和其他Stablecoins之間無縫移動。預計這將有助於支持交換的更深層次的流動性。

According to Ethena Labs, "this feature perfectly complements Bybit USDe holders’ ability to earn rewards for holding USDe as well as using it as derivatives margin collateral."

根據Ethena Labs的說法，“此功能完美地補充了Bybit Usde持有者在持有USDE以及將其用作衍生工具邊緣抵押品方面獲得獎勵的能力。”

The tweet ended with Ethena Labs highlighting how committed it and Bybit are to creating innovative user experiences and further improving users’ capital efficiency.

這條推文以埃塞納（Ethena）實驗室結束，強調了它的努力和bybit是為了創造創新的用戶體驗並進一步提高用戶的資本效率。

With the Bybit integration, USDe gains a larger user base, making it an even bigger contender in the stablecoin race, which is getting more serious as the crypto industry hedges closer to mass adoption.

隨著BYBIT集成，USDE獲得了更大的用戶群，這使其成為Stablecoin競賽中更大的競爭者，隨著加密貨幣行業的樹籬更接近大眾採用，這變得越來越嚴重。

Aside from the partnership with Bybit, Ethena's USDe has also been enjoying recent popularity in the industry as several other entities seem bullish on it.

除了與Bybit的合作夥伴關係外，Ethena的USDE還享有該行業的最新知名度，因為其他幾個實體似乎看漲。

Last month, MEXC cryptocurrency exchange invested in Ethena as part of a broader push to promote stablecoin development and adoption. MEXC made the announcement on February 26, claiming it allocated $20 million to Ethena's synthetic US dollar, USDe, and $16 million to developer Ethena Labs.

上個月，MEXC加密貨幣交易所投資於Ethena，這是促進Stablecoin開發和採用的廣泛推動力的一部分。 MEXC於2月26日宣布了這一消息，聲稱它向Ethena的合成美元，USDE和1600萬美元分配了2000萬美元，並向開發人員Ethena Labs分配了1600萬美元。

Like Bybit, the exchange also launched a $1 million reward pool to encourage participation in USDe trading and staking. It is not hard to see why MEXC made such a huge commitment.

與Bybit一樣，交易所還推出了100萬美元的獎勵池，以鼓勵參與USDE交易和積累。不難看出為什麼MEXC做出如此巨大的承諾。

The exchange's chief operating officer, Tracy Jin, believes stablecoins have a “pivotal role” to play in promoting cryptocurrency usage and adoption.

交易所的首席運營官特雷西·金（Tracy Jin）認為，穩定的人在促進加密貨幣使用和收養方面起著“關鍵作用”。

USDe has a circulating supply of nearly $5.4 billion, making it the third-largest stablecoin by market capitalization.

USDE的循環供應近54億美元，使其成為市值的第三大穩定幣。

MEXC's investment followed Ethena reportedly closing a $100-million funding round backed by major investors, including the famed Franklin Templeton.

據報導，埃塞納（Ethena）結束了由主要投資者（包括著名的富蘭克林·鄧普頓（Franklin Templeton））支持的1億美元的資金回合之後，MEXC的投資結束了1億美元的資金。

According to a Bloomberg report, the fundraising was financed via a private sale of Ethena's governance token, ENA and the funds will be used to build a blockchain and token for the traditional finance industry.

根據彭博社的一份報告，籌款是通過私人出售埃塞納治理令牌，ENA，ENA和資金將用於建造傳統金融業的區塊鍊和代幣的資助。

According to Ethena Labs' founder, Guy Young in a January blog post, Ethena has plans to deploy iUSDe, a token with the sole purpose of regulating financial institutions.

根據Ethena Labs的創始人，蓋伊·楊（Guy Young）在一月份的博客文章中，埃塞納（Ethena）計劃部署iusde，這是一個具有監管金融機構的唯一目的。

This token differs from USDe in that it is designed to “export” the benefits of USDe to traditional finance institutions. In short, its purpose is to bridge crypto yields with regulated financial markets.

該令牌與USDE的不同之處在於，它旨在“導出” USDE對傳統金融機構的好處。簡而言之，其目的是將加密貨幣收益率與受管制的金融市場彌合。

iUSDe shares the same delta-neutral stability mechanism as USDe which means it maintains its peg by collateralizing stablecoins and taking futures positions with large open interest. However, it also includes “transfer restrictions” to comply with TradFi regulatory requirements.

IUSDE具有與USDE相同的Delta中性穩定機制，這意味著它通過抵押穩定的穩定穩定和以較高的開放興趣來維持其PEG。但是，它還包括“轉移限制”，以符合Tradfi監管要求。

It is essentially a wrapped version of sUSDe created specifically for institutional use. So, while USDe is available for regular users, iUSDe will be restricted to approved institutional players via partnerships with TradFi distribution channels.

它本質上是專門為機構使用而創建的SUSDE版本。因此，儘管USDE可用於常規用戶，但IUSDE將僅限於通過與TradFI分銷渠道的合作夥伴關係獲得批准的機構參與者。

As far as yield is concerned, it will offer a similar yield to sUSDe, which is around 10-20%. However, it’s being touted as a “savings token” for institutions to access without direct blockchain exposure.

就收益率而言，它將提供與Susde相似的收益率，該收益率約為10-20％。但是，它被吹捧為“儲蓄令牌”，供機構訪問而無需直接區塊鏈。

Ethena Labs' USDe stands out from other stablecoins, like Tether's USDT and Circle's USDC because it uses a hedging strategy collateralized by cryptocurrencies. USDe holders are also offered a 9% yield by Ethena Labs.

Ethena Labs的USDE在其他Stablecoins中脫穎而出，例如Tether的USDT和Circle的USDC，因為它使用了由加密貨幣抵押的對沖策略。 Ethena Labs還為USDE持有人提供了9％的收益率。