Guy Young, founder of Ethena Labs, said that Converge will use USDe and USDtb stablecoins for gas fees, each pegged to $1 to simplify accounting and support the growth of Ethena and Securitize ecosystems

Quotes that support claims

Both tokens are designed with a price anchored to $1, allowing easier accounting for transaction costs, the team wrote

The network will use Ethena's USDe and USDtb as gas tokens to pay for transaction costs across the network

Technical breakthroughs on this initiative will drive asymmetric product outcomes for Converge, and thus growth in USDe, USDtb and other Ethena and Securitize products,” Young said

Related projects

Ethena Foundation