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Upbit, one of South Korea’s leading cryptocurrency exchanges, has announced new trading support for USDe (Ethena USDe), a digital asset developed by Ethereum.
According to the announcement, USDe will begin trading in KRW, BTC, and USDT pairs. Trading support is scheduled to open on January 14th at 6 PM, while deposits will begin approximately 1.5 hours after the announcement is published.
Upbit emphasized that USDe transactions will only be supported via the Ethereum network, warning that transfers from other networks will not be accepted. Users were also advised to carefully check the official smart contract address designated for USDe before making any transfer.
To ensure a smooth start to trading, some temporary restrictions will be implemented after listing. Accordingly, buy orders will not be accepted for the first approximately 5 minutes. During the same period, sell orders below 10% of the previous day’s closing price will also be blocked. Furthermore, only limit orders will be allowed for approximately 2 hours following the opening of trading.
Ethereum USDe stands out as a synthetic stablecoin built on a delta-neutral structure, unlike classic fiat-backed stablecoins. USDe aims to balance price fluctuations by holding crypto assets like ETH and BTC as collateral while taking short positions in futures contracts of the same nominal value. Through this structure, USDe aims to provide value stability close to $1 against market volatility.
Developed by Ethereum, this model is supported by automated risk management, custody solutions, and reserve mechanisms that balance funding costs. USDe is expected to see increased use as a collateral instrument in DeFi applications, on-chain payments, and derivatives markets.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-exchange-upbit-announces-it-will-list-the-stablecoin-developed-by-ethereum/" rel="noopener noreferrer nofollow">Bitcoin Exchange Upbit Announces It Will List the Stablecoin Developed by Ethereum!</a>

Bitcoin Exchange Upbit Announces It Will List the Stablecoin Developed by Ethereum!

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