Ethena Labs: Multiple independent third-party institutions have confirmed that USDe still has approximately $66 million in excess collateral.
Foresight News reported that Ethena Labs stated, "USDe proof of reserves is typically provided weekly by independent third-party verification institutions, including companies such as Chaos Labs, Chainlink, Llama Risk, and Harris & Trotter. In response to community requests, we have provided an off-cycle proof of reserves based on market events in the past 24 hours, which is linked below this announcement. All of these independent third parties have confirmed that USDe remains overcollateralized by approximately $66 million."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New York Federal Reserve Survey: Service Sector Price Increases Hit Fastest Pace Since 2022, Business Activity Index Drops to Lowest Since March
A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.
Raoul Pal Holds Bitcoin, Solana and Ethereum, but Calls One Wildly Undervalued
Ethos Technologies President Wang Lingke Reports Sale of $4.54 Million in Common Shares
Exclusive report - Boeing memorandum says sales chief McMullen will retire
Crypto prices
More
