Ethena Labs, the entity behind the USDe synthetic dollar, has released the asset’s first attestation report, which shows the stablecoin remained fully collateralized over the past week despite significant turbulence in the crypto market.
The report follows a brief depegging incident during a market-wide downturn during the weekend.
Attestation report
As of April 15, the current supply of USDe stands at $2.358 billion. The aggregate value of assets, comprising Bitcoin, Ethereum, liquid-staked Ethereum, and Tether’s USDT stablecoin, securing the issued tokens totals $2.365 billion, reflecting an excess reserve of $32.7 million.
Three distinct custodians hold these assets. Copper manages $1.279 billion, Ceffu oversees $1.066 billion, and Cobo handles $4.871 million. All assets backing USDe are securely stored off-exchange within institutional-grade custodial solutions.
Furthermore, $15.65 million is in the Ethena mint/redeem contract, while $32.7 million is in the reserve fund address
We współpracy z: https://cryptoslate.com/usde-maintains-full-collateralization-amid-first-market-stress-test/
