Ethena Partners With Binance to Expand Basis Trade to Equity Perpetuals

Ethena has partnered with Binance to extend its USDe basis trading strategy to equity perpetual futures. Starting September 25, bStocks will be used as tokenized spot collateral to hedge against USDT-denominated equity perpetuals, utilizing a delta-neutral strategy. This expansion aims to increase the underlying collateral market from approximately $2.5 trillion in crypto assets to over $150 trillion in real-world assets.