Overview

• FalconX now supports USDe across spot markets, derivatives, and custody for institutional users.
• Approved institutions can access OTC liquidity for USDe, and the asset can be posted as collateral in select credit and derivatives transactions.
• FalconX will provide market liquidity for USDe and Ethena’s ENA token across bilateral channels as well as centralized and decentralized exchanges.
• USDe ranks as the third-largest stablecoin with roughly $12.5 billion in supply out of an approximately $297 billion stablecoin market.
• Ethena reports more than $14 billion in TVL as USDe’s footprint grows through integrations including Hyperliquid, the Telegram Open Network, and cross-chain conversion via LI.FI.