**News Flash: Ethena Labs’ USDe Token Launches on Bybit**
Ethena Labs' synthetic dollar, USDe, is now available as margin collateral on the cryptocurrency exchange Bybit. This new integration offers traders an annual percentage rate (APR) of up to 20%, enhancing trading efficiency and flexibility.
Bybit's CEO, Ben Zhou, highlights that leveraging USDe allows traders to benefit from stability and potential yield. This integration provides Bybit users with a diversified range of stablecoin options.
Ethena Labs' founder, Guy Young, notes that users can now earn rewards on their collateral, offsetting funding costs and capturing more value. Ethena Labs has rapidly gained prominence, with predictions suggesting it could become a top revenue-generating crypto project.
Despite initial concerns, USDe has maintained a high yield, demonstrating the protocol's robustness. Currently, USDe's total value locked (TVL) stands at over $3.2 billion, with potential for further growth following this Bybit integration.