Ethena Expands USDe Strategy to Tokenized Stocks in Binance Partnership
Summary
- Ethena said it will expand the assets used in USDe management by adding tokenized stocks, broadening its scope into traditional financial assets.
- Ethena said it will work with Binance to generate returns for USDe using tokenized stocks and stock perpetual futures.
- Ethena said it plans to generate returns through a delta-neutral strategy that holds Binance bStocks as collateral and hedges with USDT-based perpetual futures.
Forecast Trend Report by Period
Ethena, the issuer of the USDe stablecoin, is adding tokenized stocks to the assets used in managing USDe. The move expands its investment scope beyond digital assets into traditional financial assets.
Wu Blockchain reported on September 25 that Ethena is partnering with Binance to generate returns for USDe using tokenized stocks and stock perpetual futures. Binance will be the first exchange to implement the strategy, and related capital deployment will begin on September 25.
Specifically, Ethena plans to hold Binance's tokenized stock product, bStocks, as collateral while offsetting the price risk of those shares through USDT-based perpetual futures trading. Rather than betting on whether share prices rise or fall, the structure is designed to profit from differences between spot and futures prices.
As a result, USDe's delta-neutral strategy will expand beyond digital assets such as Bitcoin and Ether to include tokenized stocks.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.