Ethena Labs announced that users can buy and sell its USDe stablecoin on Solana, PANews reported. The company said the integration with Solana will significantly increase adoption of USDe and sUSDe and improve the traditional stablecoin experience.

In addition, Ethena added SOL as a supporting asset, unlocking $2 billion to $3 billion in open interest in the SOL futures market, allowing USDe to continue to scale. The statement added that USDe circulation has grown by more than $1 billion since adding Bitcoin as a supporting asset.