Ethena Labs backs USDe with tokenized stocks on Binance

By Michael FawnEthena Labs, the developer behind the USDe synthetic dollar, has announced a significant expansion of its collateral strategy, now backing USDe with tokenized U.S. stocks on Binance. This pivotal move, which commenced allocations on September 25, 2026, marks the first time Ethena has extended its delta-neutral basis trade into equity markets, showcasing a new approach to leveraging tokenized stocks for stablecoin backing.It signals a notable shift in its operational mechanics and