Ethena and TRON DAO Bring USDe and sUSDe to the TRON Network

Ethena Labs and TRON DAO announced on Sept. 11 that USDe and sUSDe are live on the TRON network, expanding access to Ethena's digital dollar products across one of the world's largest stablecoin settlement networks. Users can now bridge both assets to TRON through Stargate Finance and hold or transfer them across the network.

Support across TRON's core DeFi applications, including JustLend DAO and SUN.io, is expected to roll out over the coming weeks, with broader adoption across wallets, exchanges, and payment applications to follow, according to the announcement.

Minting and redeeming USDe remain on Ethereum. The TRON integration allows users to bridge, hold, and transfer the assets on TRON, not to mint them there.

TRON hosts over 403 million total user accounts, more than 15 billion total transactions, and over $28 billion in total value locked, based on TRONSCAN data cited in the announcement. TRON also hosts the largest circulating supply of USDT stablecoin, exceeding $94 billion.

"TRON has a massive user base that already holds and moves digital dollars in significant size," said Guy Young, founder of Ethena Labs. "Bringing USDe and sUSDe to that ecosystem means those users can hold a dollar that accrues rewards on the network they already use."

Justin Sun, founder of TRON, said millions of people rely on the TRON network daily for payments, savings, and value transfer, and that the integration broadens options available to users.

What USDe and sUSDe are

USDe is a synthetic dollar product designed to maintain a peg to the U.S. dollar. sUSDe is its yield-bearing counterpart, accruing rewards to the holder's balance. USDe is now supported across more than a dozen networks and integrated with centralized exchanges and DeFi applications, according to Ethena.

Ethena Labs is the development team behind USDe and USDtb and a contributor to the Ethena protocol. Ethena is backed by Fidelity, Franklin Templeton, Dragonfly, Binance Labs, Bybit, and OKX, among others, according to the announcement.

The integration does not change USDe's risk profile or how the synthetic dollar maintains its peg. The announcement addresses distribution and access, not the underlying mechanism or reserve composition.