Ethena’s USDe Arrives—Making Aptos the Stablecoin Powerhouse
With this integration, the world’s three largest stablecoins—USDT, USDC, and now USDe—all live on Aptos. This milestone strengthens Aptos’ position as the stablecoin powerhouse, unlocking new opportunities for DeFi builders and users.
What is USDe?
USDe is a decentralized synthetic crypto dollar backed by delta-neutral crypto collaterals. Unlike traditional stablecoins, which rely on fiat reserves, USDe maintains its peg through advanced delta-neutral hedging strategies in crypto markets. This innovative design offers a fully on-chain, censorship-resistant option within the stablecoin ecosystem:
Fully on-chain: USDe isn’t controlled by a centralized issuer, making it a truly decentralized stablecoin.
Built-in yields: USDe earns organic yields by leveraging funding rates and arbitrage opportunities in perpetual futures markets.
Scalable: Without reliance on fixed fiat reserves, USDe can expand dynamically to meet DeFi demand.
USDe complements the stablecoin ecosystem on Aptos by offering users another option for liquidity, trading and yield generation in DeFi.
What USDe Means for the Aptos Ecosystem
With the integration of USDe, Aptos expands its role as a premier platform for decentralized finance (DeFi). The integration of USDe not only strengthens the network’s stablecoin ecosystem, it transforms how liquidity flows and yield opportunities are unlocked across Aptos-native DeFi protocols like Thala Labs and Echelon.
Aptos users can now seamlessly interact with Ethena assets:
Via Echelon: Users can deposit and borrow USDe and sUSDe (Staked USDe), opening up new lending opportunities.
Via Thala: USDe and sUSDe can be paired against USDC in liquidity pools, deepening stablecoin liquidity and optimizing trading efficiency.
Beyond these integrations, Aptos users who hold USDe and sUSDe will continue to be eligible to earn Ethena points. This means users can stack Ethena rewards on top of any incentives offered by Aptos-native protocols that integrate USDe or sUSDe.
With Ethena’s high-yield stablecoins now accessible to the Aptos ecosystem, Aptos continues to be the home to the next wave of DeFi innovation.
How Users Can Access USDe
While native USDe is only available on Ethereum mainnet, Aptos users can access USDe via LayerZero’s Omnichain Fungible Token (OFT) standard—a significant milestone in expanding USDe while bridging the gap between Aptos and EVM blockchains.
With existing blue-chip DeFi integrations on Aptos such as PancakeSwap and the upcoming Aave launch, Aptos is solidifying its position as a multi-chain liquidity hub.
Money Moves Better on Aptos
Stablecoins have played a pivotal role in expanding the DeFi ecosystem on Aptos, contributing over 20% of the network’s $1 billion in Total Value Locked (TVL). This momentum underscores Aptos’ ability to support groundbreaking financial projects and the tokenization of real-world assets on a secure, scalable, and cost-friendly network.
With the world’s largest stablecoins flocking to Aptos as a cornerstone for global finance, one thing is clear: Money moves better on Aptos.
The next generation of decentralized financial innovation is just getting started.
Disclaimer: USDe and sUSDe are not available in the U.S. and other restricted jurisdictions. See here for details.