Ethena plans to add equity-perpetual basis trades to USDe backing. Venue snapshots confirm active stock-linked contracts but not its aggregate claims.

Ethena extends USDe backing to equity perpetuals with over $6B open interest, aiming for equity perps to surpass crypto as its primary yield

The issuer of the $4 billion USDe token said it expects real-world asset perpetuals to eclipse crypto derivatives in its backing within 12 to 24 months.