Binance USDe Deposits Surge to $3.2B After Launch of 12% APY Reward Program

Dune Analytics data cited by COINOTAG indicates that following Binance’s September 22 announcement of a 12% APY incentive for USDe, deposits on Binance climbed to around 3.2 billion by September 29, reflecting pronounced short-term inflows.

According to the analytics, the balance trajectory accelerated from just 21.09 million on September 9 to 88.1 million by September 21, underscoring a marked increase in deposit velocity and intra-exchange capital reallocation ahead of the promotion.

COINOTAG additionally reported that the limited-time reward required eligible users to hold a minimum of 0.01 USDe in their accounts for at least 24 hours to earn the advertised 12% APY, a targeted yield measure aimed at boosting USDe liquidity on the platform.