Unchained·Sep 25, 2026, 3:02 PM UTCBNB

Ethena Starts Backing USDe With Tokenized Stocks on Binance, Its First Equity Basis Venue

5 outlets reporting

Your call?

$4.9B

USDe supply

Ethena will hold Binance's bStocks as spot collateral for its roughly $4.9 billion synthetic dollar and hedge them with short positions in Binance equity perpetual futures.

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Also covered by 4 outlets

The Block ↗
Ethena expands USDe backing strategy into bStocks and equity perpetuals on Binance
Crypto Briefing ↗
Ethena expands USDe basis strategy into tokenized stocks with Binance
The Defiant ↗
Ethena Starts Equity-Basis Rollout for USDe With Binance
CryptoPotato ↗
Ethena Partners With Binance to Back USDe With a Tokenized Stock Basis Trade

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