Ethena Founder: The USDe collateral rate has always remained above 101%, and a proof of custodial assets will be released this week

ChainCatcher news, Ethena founder Guy Young posted on social media that USDe processed over $50 million in redemptions overnight, marking the largest redemption to date without any issues. The collateral assets and reserves of USDe have consistently maintained a ratio of over 101% to the supply of USDe.

The next monthly custody asset proof, originally planned for release at the end of the month, will be released earlier this week to provide greater transparency to the community.