Ethena Labs Launches USDe Reserve Certificate, which Will Be Updated Weekly
2025-04-12 05:17:24
Ethena Labs launches the USDe Certificate of Reserve. The Certificate was created and made live in partnership with Harris & Trotter, Chaos Labs, LlamaRisk, and Chainlink. The Certificate of Reserve will be updated weekly and primarily validates key information such as the reserve value of USDe's assets, whether the reserve assets are greater than or equal to the USDe supply, whether the reserve assets consist solely of governance-approved digital assets, and whether the reserve assets remain dollar neutral. The solution provides further independent verification from an external third party, ensuring that USDe's backing assets are not held in custody on an exchange. Reserve fund assets are not included in the dollar value of USDe's backing assets.
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