Ethena USDe Expands Collateral Base With BNB, XRP & HYPE in Sight

Crypto enthusiasts are watching closely as Ethena USDe, a rapidly growing synthetic stablecoin, announces crucial expansion. The protocol recently added Binance Coin (BNB) to its backing assets, signaling a shift towards broader diversification and increased stability. This comes after the introduction of an Eligible Asset Framework that sets clear standards for new collateral. Ethena’s strategic move aims to enhance the resilience and long-term viability of the USDe token in the competitive stablecoin market.