Ethena Labs Unveils New Framework to Support the USDe Stablecoin 🔹
The Ethena Labs Risk Committee has announced the "Accepted Asset Framework" to support its stablecoin USDe. The first asset approved under this framework is BNB.
The committee also indicated that XRP and HYPE meet the criteria and may be approved soon.
🔹 The goal of the new framework is to expand the range of supporting assets, especially for perpetual contracts used to secure USDe.
🔹 The strategy relies on a delta-neutral trading approach to mitigate price volatility risks.
🔹 The market capitalization of USDe is approximately $12 billion, making it the third-largest stablecoin in the market.
🔹 Ethena's revenues have exceeded $500 million with notable acceleration since July.
⚠️ Disclaimer: This content is for informational/educational purposes only and should not be considered investment advice. Always do your own research before making any financial decisions.
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