Ethena said it is introducing equity-perpetual basis trades to support USDe, expanding the set of strategies used to back the synthetic dollar. Deployments with partner exchanges are expected in the coming weeks.
The announcement signals a new backing mechanism for USDe, with Ethena indicating further rollout details will follow as partner exchange integrations go live.
Ethena to Add Equity-Perpetual Basis Trades as USDe Backing
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