Ethena and FalconX Partner, Becoming Its Institutional Lending Partner

Odaily News, USDe issuer Ethena announced a partnership with digital asset prime broker FalconX, becoming its institutional lending partner. Ethena will invest in FalconX Global's stablecoin lending facility on an overcollateralized basis as part of its institutional lending allocation. FalconX is able to expand its balance sheet, while Ethena benefits from FalconX's expertise in loan origination and secured lending, thereby obtaining better risk-adjusted terms than other channels.