Ethena Unlocks $150T Market, Benefiting USDe Holders
Key Highlights Ethena launched its RWA basis trading expansion on Binance, utilizing bStocks and USDT-denominated perpetuals to target an 11% average yield—nearly double short-term U.S. Treasury returns. The protocol’s basis trade allocation has surged from 1% during the 2024 crypto winter to approximately 20% of $USDe’s yield backing, with Ethena projecting the equity perpetuals market ...
