Ethena founder: The USDe collateralization ratio has always been greater than 101%, and custody asset proof will be released this week.

Odaily Star Daily News Ethena founder Guy Young stated in a post on X that USDe processed over $50 million in redemptions overnight, the largest redemption to date, with no issues. The ratio of USDe’s collateral assets and reserve funds to its supply has always remained above 101%. The original plan was to release the next monthly custody asset proof at the end of the month, but in order to provide the community with greater transparency, it will be released earlier this week.

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