FalconX, Ethena bring USDe backing assets into $1B institutional credit facility

AI Summary The $1 billion facility will deploy assets backing USDe into overcollateralized institutional loans, expanding Ethena’s sources of returns beyond crypto basis strategies. fulltext: 170 chars | fulltext source: rss-fallback | summary method: extractive Original: https://cointelegraph.com/news/falconx-ethena-launch-1b-usde-backed-institutional-lending-facility?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound Source: CoinTelegraph