FalconX, a U.S.-based digital asset prime brokerage offering institutional clients trading, derivatives, and custody services, has announced support for Ethena’s synthetic stablecoin, USDe. With this integration, FalconX’s institutional users gain access to a range of new capabilities:
- Collateralization: USDe can now be deployed as collateral for credit extensions and derivatives exposure.
- Trading, derivatives, and custody: Clients can trade, hold, and manage USDe directly within FalconX’s platform.
- OTC liquidity: Approved institutions receive over-the-counter access to USDe markets, improving trading flexibility.
USDe’s Growing Ecosystem
Now the third-largest stablecoin by circulating supply, Ethena’s USDe continues to expand its presence across ecosystems. In May, the Hyperliquid platform integrated USDe across HyperCore, HyperEVM, and Unit, allowing users to trade with the token, borrow against it via protocols such as Euler and Felix, and participate in yield-generating strategies.
Ethena has also brought both USDe and its yield-bearing counterpart, sUSDe (referred to as tsUSDe on-chain), to the Telegram Open Network. The rollout enables users to hold and earn directly within Telegram’s native wallet as well as through third-party TON wallets such as Tonkeeper and Tonhub.
Additionally, through an integration with the cross-chain protocol LI.FI, stablecoins from more than a dozen networks—including USDT and USDC—can now be converted into USDe or Ethena’s governance token ENA via the project’s interface.
