BlockBeats News, October 13th, OKX CEO Star tweeted, saying, “Ethena Labs has done an excellent job in portfolio management and risk management. OKX has listed the ENA token and may consider supporting USDe in the future. OKX is also a small angel investor in Ethena.”
USDe should not be seen as a 1:1 pegged stablecoin; it is a tokenized hedge fund. Such funds typically employ relatively low-risk strategies, such as Delta-neutral basis trading or money market investments, but they still carry inherent risks, including ADL events, exchange-related events, and custodian security vulnerabilities. Simply labeling USDe as a stablecoin or describing recent market trends as a destabilization is inaccurate. If any exchange decides to include USDe in its collateral framework, robust and dynamic risk mitigation controls must be implemented.”
