Ethena’s USDe / sUSDe become available on TRON 🔥
～A choice of “digital dollars” beyond just USDT～
According to announcements by Ethena Labs and the TRON DAO,
Ethena’s USDe and sUSDe are now available on the TRON network.
The announcement says that users can
bridge USDe / sUSDe to TRON via Stargate Finance,
and then hold and transfer them on TRON.
I think this is quite important.
When it comes to TRON,
we mostly associate it with USDT-TRC20.
In fact, it’s explained that
USDT’s circulating supply on TRON exceeds
$94 billion.
However, the point this time isn’t only
that “USDT is strong.”
It’s that another option—
USDe / sUSDe, a different dollar-denominated asset—
has been added to the mix.
USDe is a
dollar-denominated crypto asset developed by Ethena.
sUSDe is positioned as
its yield-bearing product.
So on TRON going forward,
✅Send with USDT
✅Hold USDe
✅Get exposure to a yield-based digital dollar with sUSDe
✅Use it in DeFi applications
—and the range of options could expand.
Of course,
USDe and sUSDe have their own mechanisms and risks.
You shouldn’t simply view them as the same as USDT.
You’ll need to check the collateral structure, how the yield works, DeFi risks, and so on.
That said, from the perspective of TRON,
this is pretty big.
TRON has been used as
one of the largest USDT settlement rails in the world.
With Ethena’s digital dollars added there,
there’s a possibility that the
“dollar-assets ecosystem on TRON”
will expand even further.
From a network where only USDT dominates,
to one where multiple digital dollars can move.
It looks like Ethena’s integration is
an important step toward taking TRON’s stablecoin economy
to the next stage!
#TRONGlobalFriends #TGF #TRON
@Justin Sun孙宇晨 @TRON DAO
～A choice of “digital dollars” beyond just USDT～
According to announcements by Ethena Labs and the TRON DAO,
Ethena’s USDe and sUSDe are now available on the TRON network.
The announcement says that users can
bridge USDe / sUSDe to TRON via Stargate Finance,
and then hold and transfer them on TRON.
I think this is quite important.
When it comes to TRON,
we mostly associate it with USDT-TRC20.
In fact, it’s explained that
USDT’s circulating supply on TRON exceeds
$94 billion.
However, the point this time isn’t only
that “USDT is strong.”
It’s that another option—
USDe / sUSDe, a different dollar-denominated asset—
has been added to the mix.
USDe is a
dollar-denominated crypto asset developed by Ethena.
sUSDe is positioned as
its yield-bearing product.
So on TRON going forward,
✅Send with USDT
✅Hold USDe
✅Get exposure to a yield-based digital dollar with sUSDe
✅Use it in DeFi applications
—and the range of options could expand.
Of course,
USDe and sUSDe have their own mechanisms and risks.
You shouldn’t simply view them as the same as USDT.
You’ll need to check the collateral structure, how the yield works, DeFi risks, and so on.
That said, from the perspective of TRON,
this is pretty big.
TRON has been used as
one of the largest USDT settlement rails in the world.
With Ethena’s digital dollars added there,
there’s a possibility that the
“dollar-assets ecosystem on TRON”
will expand even further.
From a network where only USDT dominates,
to one where multiple digital dollars can move.
It looks like Ethena’s integration is
an important step toward taking TRON’s stablecoin economy
to the next stage!
#TRONGlobalFriends #TGF #TRON
@Justin Sun孙宇晨 @TRON DAO
