Ethena Proposes Adding SOL as USDe Backing Asset

The post Ethena Proposes Adding SOL as USDe Backing Asset appeared first on Coinpedia Fintech News

The Ethena community has put forward a proposal to include SOL as a backing asset for USDe, using the same hedging mechanism already in place for BTC and ETH perpetual futures. The proposal also suggests adding BNSOL (Binance Liquid Staked SOL) and bbSOL (Bybit Liquid Staked SOL) as additional backing assets. This move could further diversify the stability and support for USDe, expanding its asset base beyond BTC and ETH. The community is now deliberating the proposal, which could strengthen USDe’s ecosystem.