Ethena (ENA) Surges as Binance Lists USDe, Arthur Hayes Targets $1.50
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- Binance listed Ethena’s USDe, boosting demand for ENA.
- Arthur Hayes has predicted ENA could reach $1.50 on buybacks.
- ENA up 9% in 24 hours with a 131% spike in volume.
Ethena’s governance token, ENA, is ripping higher after Binance confirmed it will list Ethena USDe (USDe), the protocol’s synthetic dollar.
The move immediately caught the eye of BitMEX co-founder Arthur Hayes, who suggested the listing could kickstart a massive $500 million buyback engine for the ENA token.
Related: Hyperliquid Hits $3.4B Spot Volume as Arthur Hayes Predicts 126x HYPE Price Surge
Why is the USDe Listing on Binance a Game-Changer?
According to Binance, trading pairs for USDE/USDC and USDE/USDT went live on September 9, 2025, with withdrawals set to open on September 10.
The exchange noted that Ethena’s USDe has already grown into the largest non-fiat-backed dollar asset in the market, with over $12 billion in circulating supply.
Hayes’s bullish case is built on this listing creating a…
The post Ethena (ENA) Surges as Binance Lists USDe, Arthur Hayes Targets $1.50 appeared first on Coin Edition.
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