Ethena trading team now approves USDe backing borrowers

Community Trust Score Verified 80 % Real Verified 40 votes Updated 10 hours ago Ethena’s October 29 institutional-lending framework allows its trading team to onboard qualifying borrowers for USDe backing without individual Risk Committee votes. While the committee retains oversight through private document reviews and criterion-based objections, approval authority for lending has shifted. The framework, posted by Kairos Research, mandates specific eligibility criteria: bilateral lending with full recourse or parent guarantees, jurisdiction and standing checks, sanctions screening, segregated tri-party custody, and verifiable daily collateral reports. Collateral is held with a third party to ensure segregation from borrower assets.

Source: The Currency Analytics