🧐 USDe is live on TRON: Ethena @Ethena Labs brings “yielding stablecoins” into the world’s largest stablecoin settlement network
$USDE and $sUSDe have officially launched on TRON. Users can now cross-chain transfer both assets via Stargate Finance, hold them on TRON, and send them
I feel like Ethena this time on Tron has found a group of people who already use digital dollars in huge volumes 😂
Many projects need to grow by first educating users on why they should use stablecoins, and then figuring out how to attract funds
TRON @TRON DAO already has this foundation. On TRON, the circulating supply of USDT exceeds $9.4 billion. Payments, savings, and cross-border remittances have already created massive demand
These users are already used to earning, sending, and storing money in dollars on-chain. What Ethena is aiming for is what they do with this money next—how they hold it
👉 TRON has never lacked dollars. What it lacks is “dollar yield”
TRON’s positioning has always been as the settlement layer for stablecoins: cross-border remittances, merchant payments, exchange deposits/withdrawals, and everyday payments. A large number of users use it to hold and move dollar-denominated assets—low fees, fast confirmations, and a huge number of accounts
But for a long time, Tron has lacked a yielding dollar product. Users who hold USDT don’t generate any native returns
USDe is Ethena’s synthetic dollar, designed to track the value of the U.S. dollar. sUSDe is a certificate received by staking USDe, used to accumulate收益 from protocol allocations
For users who already use stablecoins on TRON, they can now hold a dollar-denominated asset that can capture protocol yield on the familiar network
👉 What to watch next
1️⃣ Lending layer: USDe becomes collateral for JustLend DAO. This means TRON users can use USDe to borrow other assets
2️⃣ Liquidity layer: Create pools for USDe / sUSDe on DEXs like SUN io
TRON is where the most “dollars” are used in the crypto world, and Ethena is the fastest team to turn dollars into a yield-bearing asset
In the coming weeks, after integrations like JustLend and SUN io roll out, “yielding dollars” will bring more and better wealth-management options to 396 million accounts
$USDE and $sUSDe have officially launched on TRON. Users can now cross-chain transfer both assets via Stargate Finance, hold them on TRON, and send them
I feel like Ethena this time on Tron has found a group of people who already use digital dollars in huge volumes 😂
Many projects need to grow by first educating users on why they should use stablecoins, and then figuring out how to attract funds
TRON @TRON DAO already has this foundation. On TRON, the circulating supply of USDT exceeds $9.4 billion. Payments, savings, and cross-border remittances have already created massive demand
These users are already used to earning, sending, and storing money in dollars on-chain. What Ethena is aiming for is what they do with this money next—how they hold it
👉 TRON has never lacked dollars. What it lacks is “dollar yield”
TRON’s positioning has always been as the settlement layer for stablecoins: cross-border remittances, merchant payments, exchange deposits/withdrawals, and everyday payments. A large number of users use it to hold and move dollar-denominated assets—low fees, fast confirmations, and a huge number of accounts
But for a long time, Tron has lacked a yielding dollar product. Users who hold USDT don’t generate any native returns
USDe is Ethena’s synthetic dollar, designed to track the value of the U.S. dollar. sUSDe is a certificate received by staking USDe, used to accumulate收益 from protocol allocations
For users who already use stablecoins on TRON, they can now hold a dollar-denominated asset that can capture protocol yield on the familiar network
👉 What to watch next
1️⃣ Lending layer: USDe becomes collateral for JustLend DAO. This means TRON users can use USDe to borrow other assets
2️⃣ Liquidity layer: Create pools for USDe / sUSDe on DEXs like SUN io
TRON is where the most “dollars” are used in the crypto world, and Ethena is the fastest team to turn dollars into a yield-bearing asset
In the coming weeks, after integrations like JustLend and SUN io roll out, “yielding dollars” will bring more and better wealth-management options to 396 million accounts
