Binance Introduces USDe Staking Rewards with 12% APY

Binance has officially launched USDe Staking Rewards and introduced a limited-time 12% APY reward program. Eligible users must hold at least 0.01 USDe in their Binance account for 24 hours to receive the reward. The program aims to incentivize users to hold and utilize the USDe stablecoin on the platform.

Binance has officially rolled out a staking rewards program for its USDe stablecoin, offering users a limited-time 12% annual percentage yield (APY) reward. The program aims to incentivize users to hold and utilize USDe on the Binance platform.

To be eligible for the rewards, users must hold at least 0.01 USDe in their Binance account for 24 hours. The reward program is designed to encourage long-term holding and active use of USDe, which is a synthetic dollar that generates yields through delta-neutral strategies YZi Labs Expands Stake in Ethena Labs, Driving $USDe Growth^[1].

The introduction of this staking rewards program is part of Binance's broader strategy to support and expand the adoption of USDe. Binance, through its parent company YZi Labs, has been a significant backer of Ethena Labs, which issues USDe. The company has been expanding USDe's presence across centralized exchanges (CEXs) and decentralized finance (DeFi) platforms, with plans to launch USDe on the BNB Chain and introduce new products such as USDtb and Converge YZi Labs Expands Stake in Ethena Labs, Driving $USDe Growth^[1].

The 12% APY reward is a notable incentive, especially given the growing demand for stablecoins in the DeFi landscape. According to data from DeFiLlama, Ethena Labs' total value locked (TVL) has crossed $13B, indicating strong market demand for USDe and its ecosystem YZi Labs Expands Stake in Ethena Labs, Driving $USDe Growth^[1].

This initiative aligns with Binance's broader vision to foster a more robust and decentralized financial system. By offering staking rewards, Binance is positioning USDe as a competitive option in the stablecoin market, which is increasingly important as users seek stable, yield-bearing assets that are not tied to traditional banking rails.