Ethena ’s USDe Bitcoin collateral exceeds $500 million in a week

Bitcoin collateral for Ethena’s USDe synthetic dollar has exceeded $500 million less than a week after its introduction. The platform’s website data showed approximately $537 million in Bitcoin reserves across various exchanges such as Binance, OKX, and Deribit. The amount represents roughly 26%…#ethena #bitcoin #binanceokx #deribit #ethereum #tether #seraphimczecker #fraxfinance #ethenalabs #frax

Source: Reuters: Health - April 8, 2024 Category: Consumer Health News Source Type: news