Bybit has integrated Ethena's USDe token as collateral for derivatives trading, causing a surge in the price of Ethena's governance token ENA. This move allows perpetuals traders to reduce risk by using USDe as collateral, further boosting the utility and adoption of Ethena's decentralized stablecoin.

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40 $DEGEN

That's quite a significant development for Ethena and Bybit.

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