In a thread on X, the team addressed some of these concerns, pointing out that while USDe has remained stable despite recent bearish conditions, it can dynamically adjust its backing between basis positions and liquid stable products and may incorporate UStb during periods of weak funding rates if needed.
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Sam Reynolds
https://www.coindesk.com/markets/2024/09/26/ethena-announces-ustb-stablecoin-backed-by-blackrocks-buidl/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-09-26 11:22:28
