Ethena Expands USDe Backing With $1B FalconX Facility #Ethena has partnered with FalconX on a $1 billion secured lending facility to diversify USDe’s yield sources beyond crypto funding rates. The facility can support overcollateralized institutional loans for trading, treasury management and payments. Why it matters: ▪️ Reduces reliance on crypto funding rates ▪️ Adds institutional credit exposure ▪️ Diversifies USDe’s backing and yield generation ▪️ Strengthens Ethena’s connection with traditional finance This could be a major step toward making $USDe a more diversified, institutionally connected synthetic dollar.