$ENA is gaining attention after Ethena added Binance tokenized stocks as collateral for USDe, expanding its strategy into tokenized equities and related derivatives. The announcement was followed by a sharp move in ENA, with the token gaining around 19% in 24 hours and trading volume rising significantly. My analysis is that the key development is not just the price reaction, but how Ethena is broadening the assets supporting USDe. With USDe supply approaching $4.9 billion, continued growth in this strategy could keep ENA on traders’ radar.