Deribit Exchange has announced the upcoming integration of Ethena’s USDe as margin collateral. This news was shared on Deribit’s official X account. The idea is to have USDe in Deribit’s cross-collateral pool by early January, subject to regulatory approval. This change will enable users to trade USDe on the platform using margin funding.
USDe Integration Strengthens Deribit’s Stablecoin Trading Offerings
USDe is a stablecoin that is relatively stable to serve as a perfect option for margin trading. Adding USDe into the cross-collateral pool means Deribit will be giving its users more options and flexibility. This integration is expected to improve on the trading experience on the platform.
Deribit is among the biggest and most popular crypto derivatives exchanges, and this integration shows its desire to grow. The incorporation of USDe is a move in the right direction towards making stablecoins more useful within the trading environment.
USDe Integration Signals Confidence in Stablecoins for Trading
It also shows the increasing confidence in USDe as the digital currency market asset. With the development of the industry, stablecoins such as USDe are already indispensable for active traders who wish to avoid high risks.
As the integration continues, Deribit will keep abreast of regulatory change in the relevant jurisdictions. The company aims at making sure that all the regulatory requirements have been met before the integration process is launched.
Source: https://blockchainreporter.net/deribit-to-integrate-usde-as-margin-collateral-in-january/