Ethena's USDe is supposed to maintain a $1 peg at all times. Since its release, over $2 billion in USDe has been issued, with demand continuing to grow.
Developers say adding bitcoin to the mix will boost user yields while helping USDe issuance grow further.
The capacity for USDe to scale has increased over 2.5x with $25bn of BTC open interest available for Ethena to delta hedge.
BTC derivative markets offer better scalability and liquidity, providing a more robust backing and safer product for users as Ethena scales.
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