From #WallStreet a to the Blockchain
#ethena revolutionizes USDe collateral backing by integrating tokenized shares with #Binance
Ethena has partnered with Binance as its first platform to expand its core operations into perpetual equity contracts. This update expands the addressable market for underlying collateral beyond $2.5 trillion.
New collateral mechanism: The delta-neutral strategy evolves beyond cryptoassets by incorporating bStocks (tokenized securities of BTech Holdings Limited) as spot collateral, using Binance’s perpetual stock futures to hedge risk.
Growth outlook: Ethena Labs expects the perpetual equity bond market to significantly outpace that of cryptocurrencies. Its founder, Guy Young, describes the move as the most important expansion in the history of synthetic dollar (USDe) financing to capture the value of a global stock market worth hundreds of trillions of dollars.
Liquidity and adoption: Binance reports more than $2.9 billion in open positions in perpetual equity futures, with a 105% year-to-date monthly compound growth and an annualized 3.56% over the last six months, consolidating the convergence between traditional finance and digital assets.
#ENA #CryptoNews
$ENA
#ethena revolutionizes USDe collateral backing by integrating tokenized shares with #Binance
Ethena has partnered with Binance as its first platform to expand its core operations into perpetual equity contracts. This update expands the addressable market for underlying collateral beyond $2.5 trillion.
New collateral mechanism: The delta-neutral strategy evolves beyond cryptoassets by incorporating bStocks (tokenized securities of BTech Holdings Limited) as spot collateral, using Binance’s perpetual stock futures to hedge risk.
Growth outlook: Ethena Labs expects the perpetual equity bond market to significantly outpace that of cryptocurrencies. Its founder, Guy Young, describes the move as the most important expansion in the history of synthetic dollar (USDe) financing to capture the value of a global stock market worth hundreds of trillions of dollars.
Liquidity and adoption: Binance reports more than $2.9 billion in open positions in perpetual equity futures, with a 105% year-to-date monthly compound growth and an annualized 3.56% over the last six months, consolidating the convergence between traditional finance and digital assets.
#ENA #CryptoNews
$ENA
