Sep 25, 2026
Ethena begins backing USDe with tokenized stocks on Binance in first equity basis trade
Ethena has started using Binance's tokenized stocks (bStocks) as spot collateral for its $4.9 billion USDe stablecoin, hedging them with short positions in Binance equity perpetual futures. This marks Ethena's first expansion of its basis trading strategy beyond crypto assets into traditional equities, potentially opening access to a $150 trillion market.
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