Ethena has announced the launch of a dedicated USDe market on Jupiter Lend. According to Odaily, this market operates independently from existing Jupiter Lend deployments and is managed by Bitwise, which oversees on-chain asset management and risk supervision, allowing for institutional participation.

Users can now deposit USDe on Jupiter Lend, engage in lending, and execute leverage strategies with USDe. Additionally, USDe can be bridged to the Solana network via Stargate Finance.