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Ethena says third-party institutions confirmed that USDe remains overcollateralized by more than 60000000 USD, with a collateralization ratio above 101%, and that the backing assets are not held directly on Binance or other centralized exchanges.
BlockBeats, citing an official announcement, reported that Ethena's synthetic USD USDe has been natively deployed on X Layer, allowing users to hold and trade USDe。OKX Wallet plans to subsequently support USDe staking and looping earn functionality.
PANews reports that USDe in 2025 years after the “1011 crash”1 its scale was nearly below its peak.Ethena It reduced its hedging positions, shifted toward credit and other assets, and expanded into institutional and payment use cases.
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。
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.
Binance Wallet announces the launch of a no-deposit earning feature. After activation, holding eligible U,USDe or USDS for 24 hours begins accruing rewards, with no staking or locking required. Rewards are funded by partners' promotional campaigns, accrue daily, and are distributed weekly.
PA The daily report states that Bitcoin spot ETF recorded a net inflow of approximately yesterday 999000000 USD; X introduces real-time displays for stocks and cryptocurrencies, while Binance's USDe regains its peg after briefly depegging.