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USDe stablecoin's excess collateral tops $60M with over 101% collateralization, none held on Binance.

Protocol Fundamentals
30 Oct 2026, 07:39 WIB
Tokenpost
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Bullish
USDe stablecoin's excess collateral tops $60M with over 101% collateralization, none held on Binance.

Ethena reported that USDe stablecoin's excess collateral exceeded $60 million as of October 30, with a collateralization ratio above 101%. The funds backing USDe are not held directly on Binance or any centralized trading platform, enhancing security. Independent third parties like Chainlink and Llama Risk provide weekly reserve attestations to ensure transparency. This update follows recent events impacting the digital asset market, reinforcing USDe's financial stability.

Ethena's USDe stablecoin is reported to be overcollateralized by more than $60 million as of October 30, 2026. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Oct 30, 2026 11:21 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell today. Notable movers include MANA at Rp1.254 with a 1-day change of -10.49%, AXS at Rp15.080 down 10.33%, and THETA at Rp2.861 down 9.17%.

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