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COINOTAG reported on September 26 that, according to Dune on‑chain analytics, USDe deposits on Binance surged to 2.54 billion following the exchange’s announcement of a time‑limited 12% APY incentive on September 22.
Dune’s dataset shows a material increase from balances of 21.09 million on September 9 to 88.1 million on September 21, underscoring the rapid accumulation of stablecoin holdings in the days surrounding the promotional window.
COINOTAG previously noted that the promotional mechanics required eligible users to hold at least 0.01 USDe for a minimum of 24 hours to qualify for the advertised 12% APY reward, a structure that likely drove the short‑term liquidity inflows recorded on the platform.
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