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Ethena founder: USDe collateral rate has always remained above 101%, and proof of custody assets will be released this week

Ethena founder: USDe collateral rate has always remained above 101%, and proof of custody assets will be released this week

CointimeCointime2024/08/05 15:39
By:Cointime

Guy Young, founder of Ethena, posted on social media that USDe processed over $50 million in redemptions overnight, which is the largest redemption to date with no issues. The collateral assets and reserves of USDe have always maintained a ratio of over 101% to the supply of USDe The original plan was to release the next monthly custody asset proof at the end of the month, but for the sake of providing greater transparency to the community, it will be released earlier this week.

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