Ethena Expands USDe Backing Strategy Into Tokenized US Equities
TL;DR Ethena is increasing the basis-trade technique behind USDe into tokenized U.S. equities. Binance bStocks can be utilized as tokenized spot property whereas fairness perpetual futures hedge the market publicity. The technique broadens USDe’s backing mannequin past crypto-native foundation trades, however it additionally introduces equity-market and venue-specific dangers. Ethena is pushing the buying and selling…