USDe Expands Backing Strategy Into Equity Perpetuals
The move links USDe's backing strategy to equity-linked derivatives, broadening the instruments involved in its design.
Every Zipp story tagged #EquityPerpetuals, newest first.
The move links USDe's backing strategy to equity-linked derivatives, broadening the instruments involved in its design.
The strategy moves beyond crypto-native assets by pairing tokenized stock collateral with USDT-denominated equity perpetuals.
The pivot widens Ethena's collateral universe from $2.5T of crypto to $120T of equities, but the test is whether USDe can rebuild to the $7.5B threshold for ENA buybacks before the new trade gets…
Prices barely moved on the day, yet roughly 90,000 traders got cleared: leverage underneath flat tape tells you positioning was the trade, not direction.