**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.

Previously available only on Ethereum, USDe could be collateralized with Ether (ETH) or Bitcoin (BTC). Now, it integrates with Solana apps like KaminoFinance, Orca, Drift, and Jito.

USDe aims to maintain a peg to the US dollar, backed by Lido Staked Ethereum (stETH) and short positions in Ethereum perpetual futures. It generates yield from Ethereum staking rewards and negative funding rates.

Users can earn Ethena Sats, exchangeable for ENA, by providing USDe liquidity or using it as collateral for margin trades. A vote is expected next week on whether SOL will be accepted as collateral for USDe loans. Ethena Labs plans to scale into SOL short positions gradually, depending on governance decisions and funding rate data.