Ethena Labs Integrates With Solana, Adds SOL As Collateral Asset

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Ethena Labs' integration with Solana and the addition of SOL as collateral bolster the stability and growth potential of its USDe stablecoin, unlocking significant liquidity in the SOL futures market.

According to Odaily, Ethena Labs has announced its integration with the Solana blockchain. This integration allows users to buy and sell Ethena's USDe stablecoin on the Solana network. Additionally, Ethena Labs has included SOL as a collateral asset to support USDe transactions.
Ethena Labs stated that this move aims to enhance the strength and security of USDe. Furthermore, the integration is expected to unlock an additional $2 billion to $3 billion in open interest contracts in the SOL futures market. This development will enable USDe to continue its expansion.

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