Ethena Approves XRP and HYPE for USDe Backing, Following BNB Onboarding

Ethena Labs has expanded its Eligible Asset Framework to include XRP and Hyperliquid (HYPE) tokens. This expansion follows the successful onboarding of Binance Coin (BNB), marking a significant step in Ethena’s commitment to building robust USDe synthetic dollar collateralization. rigorously analyzed metrics, including liquidity, trading volume, and market depth across major exchanges like Binance, Bybit, and OKX, ultimately led to both XRP and HYPE clearing minimum requirements for backing the USDe’s perpetual futures contracts.