Ethena’s USDe Now Accepted as Margin Collateral at Wintermute

• Wintermute now accepts USDe by Ethena Labs as margin collateral for OTC trading, enhancing capital flexibility.
• Ethena proposes adding Solana and liquid staking derivatives to diversify USDe’s backing assets for scalability.

In a tweet, Wintermute announced that USDe from Ethena Labs is officially accepted as margin collateral for over-the-counter (OTC) trading.

Greater flexibility and capital efficiency in several trading activities—including options, contracts for difference (CFD), forwards, and spot trading at Wintermute—are made possible by this advancement. Traders can maximize liquidity by including USDe as collateral, therefore preserving a larger variety of assets as margin collateral.

Good news for USDe holders!

USDe by @ethena_labs is now accepted as margin collateral for OTC trading with Wintermute

You can now trade with greater flexibility and capital efficiency with USDe as collateral for options, CFDs, forwards, and spot trading at Wintermute pic.twitter.com/X6aOdwZExn

— Wintermute (@wintermute_t) October 25, 2024

Expanding Collateral Options With USDe for Greater Trading Flexibility 

From fiat currencies to cryptocurrency and liquid staking tokens (LSTs), Wintermute’s multi-currency collateral support already consists of a range of assets. Aiming to give one of the most flexible collateral options available, the platform keeps adding items to this list.

This strategy is meant to let counterparties post assets more effectively, thereby improving trading possibilities for their clients.

On the other hand, CNF previously reported that Ethena Labs has suggested supporting assets for USDe, including Solana (SOL) and liquid staking futures, therefore further expanding the collateral possibilities.

By means of perpetual futures, this integration of Solana is predicted to raise USDe’s scalability and release billions of open interest. By enhancing the durability and scalability of the ecosystem, Solana could also help USDe to be more appealing for a larger spectrum of traders.

Furthermore, as of writing, Ethena’s native token, ENA, is swapped hands at about $0.3381. The token price dropped 4.42% over the last 24 hours, and its daily trading volume has surged by 68% to over $81.86 million.