PANews reported on April 12 that Ethena Labs launched the USDe reserve certificate. The certificate was created and launched in collaboration with Harris & Trotter, Chaos Labs, LlamaRisk, and Chainlink. The reserve certificate will be updated weekly, mainly verifying key information such as the value of USDe's asset reserves, whether the reserve assets are greater than or equal to the USDe supply, whether the reserve assets are composed only of governance-approved digital assets, and whether the reserve assets remain dollar-neutral. The solution provides further independent verification from external third parties to ensure that USDe's supporting assets are not hosted on exchanges. Reserve fund assets are not included in the USD value of USDe's supporting assets.
Ethena Labs launches USDe reserve proof, which will be updated weekly
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