Back to news
Technology
Ethena Grants Trading Team Authority to Approve Borrowers of USDe Backing Assets
(16 hours ago) · 1 source · Summarized by CryptoBipto
Ethena has introduced new rules that allow its trading team to approve borrowers who can access the assets backing its USDe stablecoin. This change gives the trading team direct authority over counterparty decisions related to the reserves that support USDe's value.
WHY IT MATTERS
If you hold or use a stablecoin like USDe, its value depends on the assets backing it.
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- cryptoslate.com
RELATED
USDeENAStablecoinsGovernanceCounterparty RiskDeFi
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
- What are stablecoins, NFTs and tokenized assets?What stablecoins are and how they hold a steady value, what an NFT represents, and what it means to tokenize a real-world asset.
- How do crypto scams work, and how do you avoid them?The common crypto scams and attacks explained in simple terms — phishing, rug pulls, Ponzi schemes, market manipulation — and the risks worth checking before you act.
- What is DeFi, and how does decentralized finance work?Decentralized finance explained: liquidity pools, yield farming, impermanent loss, DAOs and governance tokens, each with its own definition page.