USDe maintains full collateralization amid first market ‘stress test’
Summary
Ad Ethena Labs released the first attestation report for USDe, showing it remained fully collateralized despite market turbulence. The current supply of USDe is $2.358 billion, with assets totaling $2.365 billion, including Bitcoin, Ethereum, liquid-staked Ethereum, and Tether’s USDT. Three custodians hold these assets off-exchange. The report aims to enhance transparency, with monthly updates promised. USDe briefly depegged during market volatility but recovered. Some argue the recent dip was typical for the crypto market, suggesting potential heightened risk in more significant declines.
