Deribit, a leading crypto derivatives exchange, is set to integrate Ethena's synthetic stablecoin, USDe, into its cross-collateral pool in early January 2025 pending regulatory approval. Unlike traditional stablecoins, USDe offers decentralized backing through delta-hedging derivatives, enhancing stability and decentralization. This integration opens up new opportunities for traders, allowing them to use USDe as margin collateral and earn rewards. Ethena's founder, Guy Young, believes this move will enable innovative structured product use cases previously unattainable with conventional stablecoins. The announcement has already positively impacted Ethena's ecosystem, with its governance token, ENA, experiencing a 13% price surge. This development reflects growing confidence in Ethena's financial products, including the recently announced stablecoin project, UStb. The partnership with Deribit highlights Ethena's commitment to bridging traditional finance with decentralized ecosystems, signaling a significant advancement in margin trading dynamics for both crypto-native and traditional finance players. Read more AI-generated news on: https://app.chaingpt.org/news