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Ethena expands USDe backing strategy into tokenized US equities

Ethena is expanding the basis trading strategy for USDe beyond crypto assets by incorporating tokenized U.S. equities.

• Ethena added tokenized U.S. equities and equity perpetual futures to the basis trading strategy used for USDe backing.
• The protocol plans to use Binance bStocks for spot exposure alongside offsetting positions in equity perpetual futures.
• The strategy follows an approved framework from the Ethena Risk Committee to diversify the protocol allocation strategy.