Ethena founder: USDe collateral rate has always remained above 101%, and proof of custody assets will be released this week
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x DGAI: Trade to share 60,000 USDT
CandyBomb x DEBIT: Trade to share 45,000 USDT
Bitget Will Support the BounceBit (BB) Contract Swap
Hold USDGO for dual perks, earn up to 30%+ APR!
