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ExchangesSource: Crypto Economy ·

Ethena Assures Users Its Collateral Is Safe Despite $8.8M Binance Exposure

Ethena reported approximately $8.8 million in unrealized profit-and-loss exposure to Binance, significantly below its reserve fund of more than $60 million. Independent verifiers Chainlink and LlamaRisk confirmed that USDe remained overcollateralized above 101%.

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