bStocks 🤝 Ethena 🤝 Binance bStocks will serve as tokenized spot collateral as Ethena expands its delta-neutral strategy into equity perpetuals. On-chain tokenization of securities continues to evolve. 🫡

Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch. This expands the addressable market of underlying collateral from $2.5 trillion of crypto to $150 trillion+ of real-world assets. As part of the partnership, bStocks will serve as tokenized spot collateral, hedged with Binance USDT-denominated equity perpetuals - the same delta-neutral structure Ethena has securely executed across crypto assets since inception. Importantly, Binance provides lower ADL priority for eligible delta-neutral accounts including Ethena's, adding another layer of risk mitigation for USDe holders. Binance equity basis has averaged ~11%+ annualized over the past 6 months, while open interest has grown on average ~30% per month in the last 3 month period. We expect the market opportunity size for equity perpetuals to far exceed the $15b+ of crypto perpetuals captured by Ethena last cycle. Allocations begin today.

What if earning was as simple as holding? Activate Hold to Earn for stablecoins (USDS, USDe, U) then simply hold them in your Binance Keyless Wallet. No staking. No lock-up. A hold new way to earn is here 👉

Internet money meets memes. You can now launch coins paired with ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 from @ethena, on StonkFun. Powered by @Sunrise.

Binance Wallet has enabled USDe rewards. USDe has been selected as one of only three assets eligible for @BinanceWallet's new Hold to Earn - and offers the highest rate available. Hold USDe and earn rewards automatically, paid by Binance.

Stablecoin supply growth by issuer, past 24 hours. @Circle +$53.6M @Ethena +$34.6M @Tether +$26.2M @SkyEcosystem +$23.2M @Polymarket +$7.0M @USDDecentralize +$4.9M @Aster_DEX +$2.2M @Tempo +$2.1M @USDai_Official +$1.1M @CurveFinance +$938.1K Data via: @tokenterminal.

We just raised the Daily Boost caps. Pro members now earn up to 6% on their first $100,000, and VIP members on their first $1,000,000 - up from $15,000 and $50,000. Balances above the caps still earn the 4.5% base rate by default.

Proud to announce that Ethena has completed a SOC 2 Type II audit based on the Security Trust Services Criteria, receiving a clean opinion from an independent auditor with zero exceptions noted. SOC 2 is a widely recognized standard for enterprise-grade, operational security assurance: an independent audit of how Ethena actually run access control, change management, monitoring, and incident response. Unlike a Type I report, which checks that controls are designed correctly at a single point in time, a Type II examination tests that those controls actually operated effectively over time. The audit covers infrastructure and processes supporting our products. It is distinct from, and complementary to, the smart contract audits and security reviews covering the Ethena protocol. We believe rigorous operational security should be table stakes for any onchain infrastructure handling billions of dollars, and we intend to maintain continuous SOC 2 coverage into the future. Ethena joins a very short list of onchain businesses that have completed SOC 2 Type II, including Circle, Chainlink and Aave. The full report is available to partners on request under NDA.

USDe is now live on TRON. TRON one of the largest chains by stablecoin supply with nearly $100 billion in assets, used by millions of people globally. We're excited to be bringing Ethena's product lines to @trondao's thriving stablecoin ecosystem and userbase.

As USDe reward rates move higher, clients can now mint fee-free with USDT as well as USDC. Following our July announcement of zero-fee USDe minting and redemption with USDC, clients can now also mint fee-free from USDT. Mint USDe, redeem USDe. No fees. With either of the two largest stablecoins by market cap. Check the latest reward rate in your rewards dashboard.

We are pleased to announce that Christopher Jensen is joining StablecoinX as Chief Executive Officer and Director, effective immediately. Christopher joins from Franklin Templeton, where he was a founding member of the firm's digital asset group and served as Portfolio Manager and Director of Digital Asset Research. Franklin Templeton's blockchain venture fund participated in Ethena's seed round, and he has followed the protocol since its earliest days. @tedchenCPC, who led StablecoinX through its public listing, continues as Chairman of the Board, focused on long-term strategy and capital markets positioning. Welcome, @jensane2001! Link in comments 👇

The Fee Switch vote has passed, with 100% of votes in favour. The fee switch milestones are now activated and programmatic ENA buybacks will begin and scale higher as metrics and milestones are reached. Snapshot vote results linked in tweet below: