If you’ve been trading crypto for any length of time, you know trading fees can eat into your gains faster than a market correction. For active traders, even a 0.1% fee adds up over hundreds of swaps. That’s why Binance’s latest announcement has the stablecoin community buzzing. As of September 23, 2025, at 08:00 UTC, Binance is rolling out zero-fee trading on the USDe/USDT spot pair, and this perk will last until December 23, 2025, at 07:59 UTC (Binance Support).
That’s a full three months where both maker and taker trades cost absolutely nothing. In the middle of a holiday season where liquidity often spikes, this move could save traders thousands. For many, it feels like Binance just handed out free coffee at a 24-hour trading desk. But beyond the short-term savings, this promo also shines a spotlight on a fast-rising stablecoin: Ethena’s USDe.
So, why is Binance pushing USDe front and center, and what does it mean for you as a trader? Let’s break it down.
USDe in Focus: The Yield-Bearing Stablecoin Changing the Game
Unlike legacy stablecoins such as Tether (USDT) or USD Coin (USDC), USDe is a synthetic dollar built by Ethena Labs. Launched in early 2024, it doesn’t rely on bank reserves. Instead, it is collateralized by a basket of crypto assets—including staked ETH, BTC, and liquid stablecoins—hedged with short futures positions to maintain its peg (CoinMarketCap).
This delta-neutral design keeps USDe anchored around $1, regardless of whether ETH is pumping or dumping. In practice, it’s a stablecoin built directly for the DeFi era: censorship-resistant, scalable, and crypto-native (Ethena Docs).
But the real differentiator? Yield.
When you stake USDe into sUSDe, you tap into annual yields ranging from 10% to 19% depending on funding rates and staking rewards (VALR Blog). By comparison, holding USDT yields nothing. No surprise then that by September 2025, USDe’s supply exceeded $12 billion, making it the third-largest stablecoin behind USDT and USDC (MoneyCheck).
Binance recognized this trend and listed USDe/USDT and USDe/USDC pairs on September 9, 2025 (BitcoinEthereumNews). The zero-fee push is simply the next step in driving liquidity and adoption.
Zero-Fee Details: How the Promo Works
Here’s the fine print you need to know:
- Start date: September 23, 2025, at 08:00 UTC
- End date: December 23, 2025, at 07:59 UTC
- Applies to: USDe/USDT spot pair
- Fees covered: Both maker and taker fees (normally 0.1% each on Binance)
- Eligibility: Available to all verified Binance users, regardless of VIP level
To put it into perspective, a $10,000 trade normally costs $10 each way. Now, it’s free. Over multiple trades, the savings compound significantly.
If you don’t yet hold USDe, you can mint it directly through Ethena’s platform or buy it on decentralized exchanges. From there, simply transfer to Binance and start swapping without friction. Binance has also hinted that new sign-ups using referral links may earn additional fee rebates on other pairs—making this promo even sweeter (Binance Support).
Why Traders Benefit: Cost Savings, Liquidity, and Yield
At first glance, a fee waiver might sound minor. But in trading, basis points matter. Zero fees open doors to strategies like:
- Arbitrage: If USDe temporarily dips below $1.00, traders can buy in USDT, wait for the peg to recover, and sell back without fees shaving profits.
- Yield rotation: Swap into USDe for free, then stake it into sUSDe to capture double-digit APYs. Later, rotate back to USDT or other stables without cost.
- Scalping: High-frequency traders can capitalize on tiny spreads that would normally vanish under fee structures.
Institutions benefit as well. Ethena’s iUSDe, designed for compliant funds and ETFs, is gaining traction, which suggests this promo will boost liquidity not just for retail but for bigger players (BingX Academy).
For Binance, it’s a flywheel effect: more liquidity means tighter spreads, stronger peg stability, and greater appeal for USDe.
Risks and Realities: What Traders Should Watch
Of course, no stablecoin is risk-free. USDe’s model depends heavily on liquid futures markets. If conditions shift—say, prolonged negative funding rates during a bear market—yields could shrink, and peg stability might weaken (CoinRank).
We’ve seen failures before, like Terra’s UST collapse in 2022, which rattled confidence across the industry. Ethena’s diversified collateral design reduces those risks, but it doesn’t eliminate them.
On Binance’s side, regulatory scrutiny remains an overhang. Although the exchange has weathered legal challenges since 2023, U.S. users should note that this promo applies to Binance.com, not Binance.US. Furthermore, once the promo ends, fees will return, so traders should plan their major moves accordingly.
Stablecoin Wars: The Bigger Picture
Looking at the bigger landscape, stablecoins are evolving from simple fiat substitutes to yield-generating assets. With USDe racing past $12B in supply in just over a year, its growth has been faster than USDT’s early trajectory (MyEtherWallet Blog).
By leveraging Binance’s reach, USDe is positioned to scale even further. This promo could encourage other exchanges to adopt similar strategies, sparking a “fee war” among stablecoins—a scenario that ultimately benefits traders.
As stablecoin adoption grows, the question shifts from “Which stablecoin is safest?” to “Which stablecoin offers the best utility and yield?” For now, USDe seems to be answering both.
Final Take: Should You Jump In?
If you’re already active in crypto markets, this promotion is almost a no-brainer. The combination of zero fees, high liquidity, and yield opportunities makes it one of the more attractive trading windows of 2025.
That said, diversification and risk management remain crucial. Consider using this promo as a low-cost entry point into USDe, then evaluate whether its yield mechanisms fit your portfolio strategy.
With the holidays approaching and rate-cut rumors swirling, Binance’s zero-fee move is well-timed. Whether you’re a casual trader or a yield chaser, the USDe/USDT pair is worth exploring before December 23 rolls around.
Sources:
- Binance Support – Binance Launches Zero Fee Promotion on USDe/USDT
- Binance Support – Extends Zero-Fee Trading on USD Stablecoins
- BitcoinEthereumNews – Binance Launches Ethena USDe Trading Pairs
- MoneyCheck – Binance Launches USDe for Spot Trading with $12B Market Cap
- Ethena Docs – Overview of Ethena and USDe
- CoinMarketCap – What Is Ethena USDe?
- MyEtherWallet Blog – What Is USDe?
- VALR Blog – How Ethena’s Stablecoin Works
- CoinRank – USDe Explained
- BingX Academy – What Is Ethena Protocol?
