Source: Coindesk.com
The platform has generated yields by shorting ether (ETH) futures and pocketing funding rates since its January rollout. Ethena's USDe is supposed to maintain a $1 peg at all times. Since its release, over $2 billion in USDe has been issued, with demand continuing to grow.
Ethena Labs will start purchasing
Read More https://www.coindesk.com/markets/2024/04/05/ethena-onboards-bitcoin-as-backing-asset-to-make-usde-safer/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The post "Ethena Onboards Bitcoin as Backing Asset to Make USDe 'Safer'" appeared first here Coindesk.com.
Source: Coindesk.com
