According to Foresight News, Ethena Labs' Head of Growth, Seraphim, announced on Twitter that the company plans to include Bitcoin (BTC) as collateral in its next step. The move comes as the outstanding positions of BTC's open contracts have exceeded $27 billion. Ethena Labs intends to expand the issuance scale of its USDe stablecoin to over $5 billion by September.
The inclusion of BTC as collateral is expected to provide more options for users and enhance the overall utility of the platform. As the demand for stablecoins continues to grow, Ethena Labs aims to capitalize on this trend by increasing the issuance of its USDe stablecoin. This expansion will help meet the growing needs of the market and provide additional liquidity to users.