Bybit, one of the world’s largest crypto exchanges, is set to boost the adoption of USDe, a new Ethereum-based USD-pegged stablecoin. Ethena Labs, the creator of USDe, has announced that Bybit will integrate the stablecoin into its platform. This integration will go beyond the current USDe/USDT spot pair and will include USDe as a collateral asset for trading perpetual futures. Bybit users will have the opportunity to earn a yield on their USD-pegged collateral while trading popular tokens like BTC, ETH, SOL, and ENA. Additionally, USDe will be available as a spot trading pair for BTC and ETH and will be part of Bybit’s ‘Earn’ platform. Ethena Labs describes USDe as the first scalable synthetic dollar in the industry, aiming to maintain its USD peg with backing from ETH and BTC. Since the announcement, the governance token of the Ethena blockchain, ENA, has experienced a slight decline of 2.8%, but it remains up 9% in the past 24 hours.