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via CryptoPotato · By CryptoPotato Editorial

Ethena Partners With Binance to Back USDe With a Tokenized Stock Basis Trade

ENA

ENA/USDT

$0.2656

+15.63%

$0.2656

+15.63%

(24s)

24h Volume

$1,061,275,138.82

24h H/L

$0.2735 / $0.2188

Change: $0.0547 (25.00%)

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

ENA

Daily

$0.2649

▼ -1.16%

Volume (24h): -

Resistance Levels

Resistance 3$0.3299

Resistance 2$0.2893

Resistance 1$0.2750

Price$0.2649

Support 1$0.2503

Support 2$0.2307

Support 3$0.2131

Pivot (PP):$0.2523

Trend:Uptrend

RSI (14):77.4

CryptoPotato Editorial

(03:33 PM UTC)

1 min read

Verified byJames Mitchell

0 comments

Ethena is extending its yield strategy beyond crypto into tokenized equities.

DeFi protocol Ethena (ENA) announced a partnership with Binance and began backing USDe with stocks on Friday, essentially buying the exchange’s bStocks and shorting its matching equity perpetuals to earn the funding that leveraged longs pay.

Ethena is…

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CryptoPotato Editorial · CryptoPotato

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