The protocol’s USDe token, often referred to as “synthetic dollar” instead of a stablecoin, is a structured finance product wrapped in a token. It offers steady yields to investors by using ETH liquid staking derivatives such as Lido’s stETH as backing assets, pairing them with an equal value of short ETH perpetual futures position on derivatives exchanges to keep anchored at $1 price. This strategy is also known as a “cash and carry” trade, which harvests derivatives funding rates for a yield.
The crypto market in August 2025 has been defined by ETF enthusiasm, Bitcoin’s surge, and renewed investor appetite for utility...
Kraken announced in a security update that the centralized crypto exchange is temporarily halting monero ( XMR) deposits. The platform...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Recent pro-crypto policy shifts, bullish technical breakouts,...
The Federal Reserve just dismantled its targeted crypto oversight, clearing the runway for banks to re-enter digital assets under streamlined...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Top Win International has announced a $10...
