EthenaEthena expands USDe basis trade to equity perpetuals via Binance
Ethena is partnering with Binance as its first venue to extend the USDe basis trade into equity perpetuals, an expansion of the collateral backing behind its stablecoin. bStocks will serve as tokenized spot collateral in the strategy as Ethena expands its delta-neutral approach. The move widens the addressable market of underlying collateral from the current $2.5 trillion pool to a broader set of assets, including equity perps via Binance and tokenized stocks via bStocks. The allocation went through review by the Risk Committee along with Ethena's own legal and risk due diligence, and Ethena points to its transparency dashboards for line-by-line visibility on the collateral.
- Ethena called the update one of the most significant changes to USDe's collateral backing since launch.
Sources
- RT @bstocksfinance: bStocks 🤝 Ethena 🤝 Binance bStocks will serve as tokenized spot collateral as Ethena expands its delta-neutral strateg…x.com ↗
- Line by line transparency on the collateral can be found in our transparency dashboards: https://t.co/2X1RSNK2Sw Replying to their earlier post: The allocation follows review by the Risk Committee alongside Ethena's own legal and risk due diligence which can be found below: https://t.co/LqTaf7pmXbx.com ↗
- The allocation follows review by the Risk Committee alongside Ethena's own legal and risk due diligence which can be found below: https://t.co/LqTaf7pmXb Replying to their earlier post: Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch. This e…x.com ↗
- Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch. This expands the addressable market of underlying collateral from $2.5 trillion of https://t.co/be4Mz7XHk1x.com ↗
Ethena
