[Ethena Incorporates Tokenized U.S. Stock Assets into USDe Support Strategy, Plans to Hedge via Binance Stock Perpetual Contracts] According to The Block, Ethena is incorporating tokenized U.S. stocks and Binance stock perpetual contracts into the basis trade support strategy for USDe. Binance bStocks will serve as tokenized spot support assets, while Ethena will hedge through Binance stock perpetual contracts to maintain delta neutrality. Ethena's Risk Committee has previously approved the inclusion of tokenized stock basis trades into the allocation strategy. Ethena stated that the open interest for Binance stock perpetual contracts has exceeded $2.9 billion, with a monthly compound growth rate of 105% this year. Over the past six months, the average annualized return for stock basis trades was 3.56%. The company expects that as more stock market assets are tokenized, the opportunity scale for stock perpetual contracts will eventually significantly surpass the crypto perpetual contract market.