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FalconX and Ethena add backing assets to $1B USDe institutional credit facility
The $1 billion facility will use assets backing USDe to support overcollateralized institutional loans, broadening Ethena’s return sources beyond crypto basis strategies.
Cointelegraph reports that FalconX and Ethena are bringing USDe backing assets into a new $1 billion institutional credit facility.
According to Cointelegraph, the facility will deploy the assets backing USDe into overcollateralized institutional loans.
The project expands Ethena’s sources of returns beyond its existing crypto basis strategies, by adding institutional lending activity as an additional avenue.
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