Ethena Partners With Binance to Back USDe With a Tokenized Stock Basis Trade

• Ethena has partnered with Binance to back its USDe stablecoin with tokenized stocks, utilizing a basis trade strategy involving bStocks and equity perpetuals.
• The partnership aims to expand the collateral backing market significantly, with an anticipated market opportunity for equity perpetuals exceeding $15 billion.
• Ethena's ENA token saw a 12% increase, trading at $0.24, as the company continues to innovate in the DeFi space following previous expansions of USDe's collateral.

https://cryptopotato.com/ethena-partners-with-binance-to-back-usde-with-a-tokenized-stock-basis-trade/