Man Young, founder and CEO of Ethena, discusses USDe, an innovative stablecoin that challenges passe devices by combining Ethereum’s yield with a completely different hedging diagram. Impressed by an Arthur Hayes’ article, Ethena’s USDe is backed in a particular manner, with discussions on the need of ‘centralized liquidity’ and the company’s custody companions. The conversation additionally explores the dangers of this new backing diagram, the resolution to attend the stablecoin with ETH moderately than BTC, and the diagram for customers to mint USDe, at the side of the types of sources they may be able to deposit.

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