FalconX Adds USDe Stablecoin Support for Institutional Clients

Friday, Sep 5, 2025 4:33 am ET1min read

FalconX, a digital asset prime brokerage, has added support for Ethena's USDe stablecoin. This enables institutional clients to trade, custody, and use USDe as collateral. Approved clients can also access OTC liquidity for USDe. FalconX will provide liquidity in both USDe and ENA across various venues. USDe is the third-largest stablecoin and has expanded its footprint on several platforms.

FalconX, a leading digital asset prime brokerage, has announced support for Ethena's USDe stablecoin across its spot, derivatives, and custody business lines. This integration allows institutional clients to trade, custody, and use USDe as collateral, while also providing access to over-the-counter (OTC) liquidity for USDe. Additionally, FalconX will offer liquidity in both USDe and ENA across various venues [1].

USDe, the third-largest stablecoin by supply, has gained significant traction in the market. According to data from defillama.com as of September 2, 2025, USDe's supply climbed more than 41% to $12.403 billion, with inflows of roughly $3.65 billion [2]. The stablecoin's growth reflects its increasing adoption and demand within both DeFi and TradFi ecosystems.

The collaboration between FalconX and Ethena is part of a broader trend of expanding institutional access to stablecoins. FalconX's support for USDe is expected to enhance capital efficiency and facilitate greater liquidity for institutional investors. The integration also underscores FalconX's commitment to bridging on-chain financial primitives with enterprise-grade infrastructure.

FalconX, backed by prominent investors such as Accel, Adams Street Partners, and Tiger Global Management, has a strong reputation in the digital asset space. The company offers comprehensive access to global digital asset liquidity and a full range of trading services. With offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore, and Valletta, FalconX is well-positioned to support the growing stablecoin market.

References:
[1] https://www.falconx.io/newsroom/falconx-partners-with-ethena-expanding-institutional-access-to-usde
[2] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=august-sees-92-jump-in-stablecoin-transaction-volume-reaching-3-trillion

FalconX Adds USDe Stablecoin Support for Institutional Clients