Ethena Expands USDe Basis Strategy Into Tokenized Stocks With Binance

TLDR: Ethena’s USDe basis trade now covers tokenized stocks, expanding collateral scope with Binance. Binance bStocks serve as spot collateral, hedged via USDT-denominated equity perpetuals trades. Binance’s equity basis averaged 11%+ annualized yield over the past six months, Ethena said. Ethena eyes a market over $150 trillion, dwarfing crypto’s $15 billion perpetuals opportunity. Ethena has [...]

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