News digest
More than half of Ethena’s USDe backing is allocated to lending
· By MyCryptoSignal Editorial · 75 words
CryptoSlate reports that over half of Ethena's USDe backing is allocated to lending, with a snapshot from LlamaRisk on October 12 providing insight into the allocation. This allocation is notable as it reveals the composition of USDe's backing, with lending being a significant component. The details of USDe's backing matter for crypto markets as they can impact the stability and trust in stablecoins like USDe.
Read the full story at CryptoSlate: https://cryptoslate.com/ethenas-usde-has-51-2-of-backing-in-lending-making-redemption-liquidity-the-key-test
Data, not advice.
Source: CryptoSlate — see our editorial policy.
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