TechFlow news, on July 26, Ethena Labs released the fourth proof report for USDe's supporting assets in July, confirming that USDe's assets are held within institutional-grade custody solutions to ensure transparency. As of July 24, 2024, the total USDe supply amounted to $3.401 billion, consisting of:
- Assets custodied by Copper: $1.819 billion
- Assets custodied by Ceffu: $1.554 billion
- Assets custodied by Cobo: $5.25 million
In addition, $30.02 million is available in Ethena’s minting/redemption contract for redemptions, with a reserve fund of $45.45 million. The total assets reached $3.408 billion, achieving a coverage ratio of 101.55%.
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