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RWA Watch · Fact checked

Ethena Boosts USDe Basis Trade With Tokenized Equities on Binance

TL;DR Ethena expanded its USDe basis trade into tokenized equities, using Binance’s bStocks as spot collateral and equity perpetual futures as hedging instruments. Binance records over $2.9 billion in open interest in eq

By Shared News Radar · Published Sep 25, 2026, 11:54 AM UTC · Updated 2026-09-25 · Risk level: medium
Sources checked: Sep 25, 2026, 5:04 PM UTC

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Ethena Boosts USDe Basis Trade With Tokenized Equities on Binance

What happened

TL;DR Ethena expanded its USDe basis trade into tokenized equities, using Binance’s bStocks as spot collateral and equity perpetual futures as hedging instruments. Binance records over $2.9 billion in open interest in equity perpetual futures, posting a compound monthly growth rate of 105% in 2026. Ethena Labs’ founder estimates that the equities perpetuals market will … Read more

Reported details

  • Ethena has added tokenized U.S. equities and equity perpetual futures to the basis trading strategy used for part of USDe’s backing, taking a funding model previously centered on crypto markets into listed stocks. According to a statement shared with crypto.media,…

What the sources establish

The identified reports describe the same recent event. This brief preserves the source links and verification time so readers can inspect the original reporting.

Why it matters for RWA markets

The material question is how the event affects institutional participation, tokenization infrastructure, issuer economics, market access, or regulatory positioning. The report does not turn that relevance into an endorsement.

Evidence boundary

Terms, figures, counterparties, and consequences not stated in the linked reports are not inferred. Material updates require a dated revision and an additional source check.

What to watch next

  • Official company statements, filings, and transaction documents.
  • Details on custody, settlement, eligibility, and tokenization scope.
  • Regulatory disclosures or corrections to the reported figures.

Sources and editorial check time

This information is educational and is not financial or legal advice.

Sources