USDe's Bitcoin Collateral Has Surpassed $500 Million

Ether Finance has launched USDe's bitcoin collateral currently stands at about $537 million. The amount represents about 26% of its total asset reserves. Other assets in reserve include $714 million in Ether, $353 million in liquid pledged Ether, and $365 million in Tether USDT.Ethena's head of growth, Seraphim Czecker, said the large bitcoin reserves are proof that the platform is ready for the upcoming halving event. The halving is expected to take place around April 20, when Bitcoin's block reward will be reduced by 50% to 3.125 BTC.