Crypto news report · source clearly identified
USDe Issuer Projects Real-World Asset Perpetuals to Surpass Crypto Derivatives
The issuer of the $4 billion USDe stablecoin says real‑world asset perpetual contracts could become the dominant source of backing within the next 12 to 24 months.

The organization behind the USDe stablecoin, which has a market size of roughly $4 billion, announced a strategic shift toward real‑world asset perpetual contracts. It expects these instruments to overtake traditional crypto derivatives as the primary source of backing for USDe within the next one to two years.
Shift in Backing Strategy
USDe’s issuer plans to allocate a larger portion of the token’s collateral to perpetual contracts tied to real‑world assets, such as equities, rather than relying predominantly on crypto‑based derivatives.
Timeline for Transition
The transition is projected to occur over a 12‑ to 24‑month horizon, during which the share of real‑world asset perpetuals in the backing mix is expected to exceed that of crypto derivatives.
Implications for Yield Generation
By tapping into the growing market for equity perpetuals, the issuer aims to capture higher yields while diversifying risk away from purely crypto‑centric exposures.
Source & attribution
News Source
- Publisher
- CoinDesk
- Original date
- August 28, 2026, 12:30 PM
- Original headline
- Ethena looks beyond crypto to squeeze yield from booming equity perpetuals