Market StructureRegulatory Development
Ethena’s trading team can approve borrowers of assets backing USDe under new rules - Cryptonews.net
New governance rules empower Ethena's trading team to directly approve lending counterparties and borrowers of the underlying assets backing the USDe stablecoin.
So what
Delegating borrowing counterparty approvals to an internal trading team centralizes execution velocity while shifting counterparty credit risk management. This operational change alters the transparency of backing asset deployment for institutional holders evaluating structural risk in sUSDe.
ProductssUSDeSource: Cryptonews.net ↗