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Ethena USDe collateral after Binance hack

Story timeline · 2 updates, 29 Oct to 30 Oct 2026

USDe issuer Ethena says collateral with exchange exposure sits with off-exchange custodians, not on exchanges, and its unrealised profit-and-loss exposure to Binance is about $8.8m, well below its over $60m excess reserve fund. Ethena now says Chainlink and Llama Risk confirmed USDe remains overcollateralised by more…

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  1. Ethena says collateral held off-exchange amid Binance security reports

    USDe issuer Ethena says collateral with exchange exposure sits with off-exchange custodians, not on exchanges, and its unrealised profit-and-loss exposure to Binance is about $8.8m, well below its over $60m excess reserve fund. It plans attestations from several external firms within hours.

    StablecoinsChainCatcherAIBullish

  2. Ethena says USDe remains overcollateralised by more than $60m

    Ethena said Chainlink and Llama Risk confirmed USDe is still overcollateralised by more than $60m, a collateral ratio above 101%, and that no USDe reserve funds are held directly on Binance or other centralised exchanges. Proof of reserves is usually provided weekly by independent third parties.

    StablecoinsOdailyAIBullish

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.