The Ethena Labs protocol risk committee has presented the "Acceptable Asset Framework" to back the synthetic stablecoin USDe. The first token approved under the program was BNB.
According to the statement, XRP and HYPE have also been recognized as meeting the established criteria. The coins are candidates for adding support "in the near future."
Ethena uses a popular strategy from TradFi, delta-neutral trading and portfolio management, to ensure the stability of USDe. Collateral assets are used to open equivalent short positions on perpetual contracts.
