USDe was made available on Solana and became integrated with multiple Solana-based DEXs and DeFi protocols, including Kamino, Orca and Drift.
Stablecoin USDe has launched on the Solana network, according to an Aug. 7 announcement from its developer, Ethena Labs. Borrowers will be able to use Solana (SOL) as collateral for USDe loans as soon as Ethena (ENA) token holders approve their use. USDe is also integrated with several Solana apps, including KaminoFinance, Orca, Drift, and Jito.
USDe was previously available only on Ethereum, and loans could be taken out using Ether (ETH) or Bitcoin (BTC) as collateral.
Ethene Labs posted the Solana launch announcement to the X social media platform, stating that “USDe is live on Solana as of today, August 7th.”
