Ethena Says USDe Is Overcollateralized by More Than $60 Million
Photo: TokenPost
Ethena said an updated reserve attestation put USDe’s excess collateral above $60 million on Oct. 30 and its collateralization ratio above 101%. Ethena also said none of the funds backing USDe was held directly at Binance or any centralized trading platform. Ethena said independent third parties generally provide reserve attestations weekly, naming Chainlink and Llama Risk among them. It said the latest update followed events in the preceding hours. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
