TechFlow News, on January 30, Ethena Labs released the proof-of-reserves report for USDe's supporting assets in January, confirming that USDe's assets are held within institutional-grade custody solutions to ensure transparency. As of 18:00 Beijing time on January 22, 2025, the total USDe supply was $5.739 billion, consisting of:
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Assets custodied by Copper: $2.573 billion
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Assets custodied by Ceffu: $3.045 billion
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Assets custodied by Cobo: $5.08 million
In addition, Ethena holds $100 million in its Coinbase Web3 wallet, $30 million in its minting/redemption contract available to meet redemption demands, and $60.41 million in its reserve fund. Total assets represent 101.30% of USDe's supply, ensuring over-collateralization.
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