Ethena Proposes Adding SOL as USDe Backing Asset

Share This Post

Solana Unveils Seeker, as Price Surges 5% Amid Bullish Momentum.

The post Ethena Proposes Adding SOL as USDe Backing Asset appeared first on Coinpedia Fintech News

The Ethena community has put forward a proposal to include SOL as a backing asset for USDe, using the same hedging mechanism already in place for BTC and ETH perpetual futures. The proposal also suggests adding BNSOL (Binance Liquid Staked SOL) and bbSOL (Bybit Liquid Staked SOL) as additional backing assets. This move could further diversify the stability and support for USDe, expanding its asset base beyond BTC and ETH. The community is now deliberating the proposal, which could strengthen USDe’s ecosystem.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

SEC Sets Bullish Tone on On-Chain Markets as Blockchain Settlement Becomes Strategic Priority

The SEC is signaling a decisive push to move US financial markets onto blockchain infrastructure, framing on-chain settlement as a priority upgrade that could reshape post-trade systems and

Bitcoin To Retest $85,000 Mark In Coming Days – Here’s Why

Amid a steady price rebound in the Bitcoin (BTC) market, popular market analyst with the X username KillaXBT is predicting another significant correction in the forthcoming days Related Reading: Not

Ethereum Holds Support As Smart Money Steps In – What This Means For Price

Ethereum is holding firm above key support as smart money steps in, hinting at growing confidence beneath the surface With bullish signals and steady inflows aligning, the market now watches whether

Silver Breaks Into Record Territory—Schiff Says ‘The Silver Train Can’t Be Stopped’

Silver’s surge to record highs is flashing a warning on inflation, monetary policy, and hard-asset demand, as rising yields and the Fed’s latest pivot fuel a powerful rotation into precious

Is It More Profitable To Hold Bitcoin For The Short-Term? 2025 Numbers Are Here

Bitcoin’s 2025 price action has been anything but smooth, but one group of investors has quietly dominated the year’s profit statistics Short-term holders, which are classified as addresses

XRP Mirrors 2016 Trend That Led To 69% Crash Before 110,000% Rally

XRP has struggled to create any upside traction over the past few days, with the price rejecting above $215 in the middle of the week and now back to lingering just above the $2 level  A new