Ethena Labs Launches Eligible Asset Framework, Approves Binance Coin to Back USDe Perpetual Futures with Potential XRP and HYPE Onboarding

Ethena Labs’ Risk Committee has introduced the Eligible Asset Framework to expand the range of approved assets backing the perpetual futures segment of USDe collateral. Under this new framework, Binance Coin (BNB) has been approved as the first asset to back USDe perpetual futures. The framework also indicates potential future inclusion of other assets such as XRP and HYPE. This development follows recent shifts in the decentralized finance space, including the removal of exposure to Elixir’s deUSD by the Inverse Finance Risk Working Group, which was previously a major collateral asset. Ethena’s move to diversify USDe backing assets aims to enhance the stability and flexibility of its perpetual futures market.

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