Ethena Broadens Collateral Choices by Introducing BNB to Support USDe

Approval of BNB for USDe: Binance’s BNB has been approved as the first asset to support USDe's perpetual-futures hedging, initiating a new framework for including more cryptocurrencies.

Eligible Asset Framework: This framework sets specific liquidity and market structure requirements for assets to be considered as collateral, with XRP and HYPE token already meeting preliminary criteria for future inclusion.

Growth of USDe: USDe has rapidly become the third-largest stablecoin with a supply of $11.75 billion, aiming to enhance resilience while managing risk through diversified collateral sources.

Market Relevance of BNB: The integration of BNB into regional markets, such as its listing by UAE-based RAKBANK, highlights its increasing liquidity and significance beyond Binance's ecosystem.