🔥 ETHENA IS TAKING USDe BEYOND CRYPTO
Ethena is partnering with Binance to expand USDe’s backing strategy into tokenized U.S. equities and equity perpetuals.
The structure is straightforward: Ethena can use Binance’s bStocks as tokenized spot exposure, while using equity perpetuals to hedge the position and maintain a delta neutral strategy.
This gives USDe another potential source of yield beyond crypto native assets. Binance already has more than $2.9B in equity perpetual open interest, showing how quickly this market is developing.
USDe is moving from crypto backed strategies into traditional markets onchain.
Ethena is partnering with Binance to expand USDe’s backing strategy into tokenized U.S. equities and equity perpetuals.
The structure is straightforward: Ethena can use Binance’s bStocks as tokenized spot exposure, while using equity perpetuals to hedge the position and maintain a delta neutral strategy.
This gives USDe another potential source of yield beyond crypto native assets. Binance already has more than $2.9B in equity perpetual open interest, showing how quickly this market is developing.
USDe is moving from crypto backed strategies into traditional markets onchain.
