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Ethena says USDe collateral is safe after Binance concerns

Original: binance

Crypto markets are focused on Binance as searches spike worldwide, including the US, UK, Germany and Italy. Stablecoin issuer Ethena has confirmed that the collateral backing its USDe token is held safely off the Binance exchange, a statement aimed at reassuring investors amid concerns about exposure to the platform.

Why now: Traders are seeking reassurance about their exposure to Binance and related products, and Ethena's confirmation addresses those concerns directly.

BinanceEthenaUSDe

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