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% of its total asset reserve. The other reserve assets include $714 million...