Ethena adds Binance bStocks and equity perpetuals to USDe backing strategy
- —Ethena added Binance bStocks and equity perpetuals to the basis trade backing USDe
- —The strategy generates yield that supports USDe's peg and reserves
- —Binance previously added tokenized BStocks as collateral for margin accounts
Why it matters: Broadening USDe's backing to equity instruments improves diversification but exposes the stablecoin to stock-market risk.
Source: The Block