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Ethena’s synthetic dollar token USDe launches on Brazil’s Mercado Bitcoin amid rising demand for USD crypto.

Market News
07 Jun 2026, 03:34 WIB
Crypto Briefing
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Bullish
Ethena’s synthetic dollar token USDe launches on Brazil’s Mercado Bitcoin amid rising demand for USD crypto.

Ethena’s synthetic dollar token USDe has been listed on Mercado Bitcoin, Brazil’s largest crypto exchange, to meet growing demand for USD-pegged stablecoins in Latin America. USDe, launched in 2023, uses a unique delta-hedging strategy involving crypto derivatives to maintain its dollar peg and generate yield for holders. This listing expands USDe’s presence in a key Latin American market known for proactive crypto regulation and could influence regional digital asset frameworks. The integration also follows a recent partnership with Coinbase, highlighting USDe’s growing footprint in major crypto platforms.

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