Binance USDe Deposits Soar to 727M After Launch of 12% APY Reward

According to Dune data cited by COINOTAG on September 23, USDe deposits on Binance rose to approximately 727 million following the exchange’s announcement of a 12% APY product. On-chain snapshots show deposits at 21.09 million on September 9 and 88.1 million on September 21, reflecting notable liquidity inflows around the announcement timeframe.

Binance has rolled out a limited-time USDe reward plan under which accounts holding a minimum of 0.01 USDe for at least 24 hours qualify for the advertised 12% annual percentage yield. The offering is promotional and subject to Binance’s terms and conditions, representing a tactical incentive to attract short-term stablecoin deposits rather than an assurance of sustained yield.