CoinGecko said in a post on X that Ethena’s governance token ENA climbed to $0.28, marking a new high for the year, after Ethena partnered with Binance to include stock perpetual contracts as collateral support for its stablecoin USDe. The update points to a broader collateral base for USDe, a move aimed at improving the stablecoin’s stability and supporting its scale. The report did not provide additional pricing details beyond the new yearly high, but it tied the move in ENA to the announcement of the collaboration and the expansion of collateral backing for USDe.
Techub News reported that CoinGecko said in a post on X that ENA, the governance token of Ethena, rose to $0.28, its highest level this year, after Ethena partnered with Binance to add stock perpetual contracts to the collateral support backing its stablecoin USDe.
The collaboration is intended to broaden USDe’s collateral base and strengthen the stablecoin’s stability and scale.
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