Ethena Integrates Tokenized Stocks into USDe Backing Strategy

Ethena is incorporating tokenized U.S. stocks and Binance stock perpetual futures into its USDe backing strategy to maintain delta neutrality. Binance bStocks will serve as the tokenized spot asset, while Binance stock perpetual futures will be used for hedging. Ethena Labs founder Guy Young stated this is the most significant expansion of the USDe funding mechanism since its launch. The firm noted that Binance stock perpetual futures have seen an average monthly growth rate of 105% this year, with open interest exceeding $2.9 billion.