**News Flash: USDe Stablecoin Launches on Solana Network**

Ethena Labs has announced the launch of its stablecoin, USDe, on the Solana network as of August 7. This move allows borrowers to use Solana (SOL) as collateral for USDe loans, pending approval from Ethena (ENA) token holders.

**Key Points:**

- USDe, previously available only on Ethereum, can now be used on Solana.

- Integrated with Solana apps like KaminoFinance, Orca, Drift, and soon Jito.

- Users can earn Ethena Sats by providing USDe liquidity or using it for margin trades.

- A vote is expected next week on allowing SOL as collateral for USDe loans.

Ethena Labs founder, Guy Young, defends USDe's yield as "publicly verifiable" and sustainable. Critics remain skeptical about its long-term viability.