Ethena Starts Backing USDe With Tokenized Stocks on Binance, Its First Equity Basis Venue

5 outlets reporting

Your call?🐂 Bullish🐻 Bearish

$4.9B

USDe supply

$USDE

$4.9B mcap

$ENA

$0.2542

+17.7%

$BNB

$775.66

-0.5%

Ethena will hold Binance's bStocks as spot collateral for its roughly $4.9 billion synthetic dollar and hedge them with short positions in Binance equity perpetual futures.