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Ethena issued a reserve certificate in response to market doubts: USDe still has about 66 million dollars of excess collateral

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2025-10-11 12:39:33
On October 11th, Ethena Labs officially released a reserve certificate in response to market doubts. It said that USDe reserve certificates are usually provided weekly by third-party independent certification agencies, including Chaos Labs, Chainlink, Llama Risk, and Harris & Trotter. At the request of the community, Ethena provided an unconventional rhythm reserve certificate based on market events in the past 24 hours. The certificate can be found in the official link. These independent third parties have confirmed that USDe still has excess collateral of about $66 million, and Ethena Labs provides maximum transparency.
This morning, Guy Young, founder of Ethena Labs, said in response to the online rumor that "Ethena is urgently raising funds to avoid a repeat of the LUNA incident", which is completely untrue.
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