Ethena Expands Neutral Arbitrage Trading to Stock and Commodity Markets

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On April 7, Ethena officially announced that after receiving approval from its independent risk committee, USDe will expand its collateral types. Ethena stated that this diversification of collateral assets includes four directions, each a natural extension of Ethena’s existing business: 1. Over-collateralized institutional stablecoin lending: Custody of collateral assets provided by borrowers through third-party institutional custodians; 2. More real-world assets (RWA) beyond U.S. Treasury Bills (T-Bills): Expanding to more high-quality, liquid credit assets; 3. Stock and commodity basis trading: Extending Ethena’s delta-neutral hedging methods, previously applied to crypto assets, to traditional assets; 4. Prime lending for trading institutions: Providing funding to trading firms through over-collateralized loans, with counterparties assuming the risk of the trading platform.

ENA-3.3%
USDE-0.02%
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