Ethena Extends USDe Backing Strategy to Include Binance bStocks and Equity Perpetuals

Ethena has announced an expansion of the backing strategy for its stablecoin USDe. The protocol will now incorporate Binance bStocks and equity perpetual contracts into the basis trade that underpins USDe's collateral framework.

New Asset Classes Integrated

The addition includes two distinct asset types offered on Binance:

• bStocks – tokenized representations of traditional equities.
• Equity perpetual contracts – derivatives that track the price of underlying stocks.

Impact on USDe Backing

By diversifying the assets used in the basis trade, Ethena aims to enhance the stability and resilience of USDe’s collateral pool. The move reflects a broader trend of integrating tokenized securities and derivatives into crypto‑based stablecoin mechanisms.