According to Huoxing Finance, institutional crypto trading platform FalconX has partnered with the synthetic dollar protocol Ethena to execute a $1 billion secured lending arrangement, funded by the reserve assets of the stablecoin USDe. The loans are over-collateralized, with Ethena holding the first-priority security interest. FalconX has accumulated total trading volume exceeding $2.5 trillion. The arrangement was disclosed by the market intelligence account msbintel, which referenced Ethena’s official account.
FalconX and Ethena Launch $1 Billion Collateralized Lending Agreement
MarsBitShare
Summary
FalconX and Ethena have launched a $1 billion collateralized lending facility backed by USDe reserves. The over-collateralized loans grant Ethena a first-priority security interest. FalconX reported cumulative trading volume exceeding $2.5 trillion, with the Fear & Greed Index indicating strong institutional demand. The arrangement was first disclosed by msbintel and confirmed by Ethena’s official account.
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