Ethena in September the review, disclosed that USDe supply increased by more than 700000000 USD, and became Morpho the second-largest collateral asset and largest collateral asset by denomination USD.
Ethena Founder Guy Young said that USDe’s supported assets have no direct exposure to stETH or other liquid staking tokens, and that the Ethereum node operator security incident is not expected to affect Ethena。
PANews, citing The Defiant, reported that Standard Chartered Bank has initiated research coverage of Ethena and predicts that ENA will reach 2028 by year-end 2 USD。
Ethena stated that, starting at the end of this month, it will cease token incentives and new inflation related to USDe growth; these incentives have declined by approximately 2024 since the initial airdrop in 85%。
PANews, citing The Block, reported that Ethena plans to use Binance bStocks as spot backing assets and hedge with stock perpetual contracts, incorporating tokenized U.S. equity basis trades into USDe backing strategy. Its risk committee had previously approved this allocation direction.