Ethena Labs releases emergency reserve certificate, USDe overcollateralized by $66 million

Stablecoin protocol Ethena Labs has released its Proof of Emergency Reserves report in response to market volatility over the past 24 hours. Independent verification efforts, including Chaos Labs, Chainlink, Llama Risk, and Harris & Trotter, confirm that the USDe stablecoin currently maintains approximately $66 million in overcollateralization. This report, released in addition to the regular weekly release cycle in response to recent market events, is available for users to view detailed reserve data through the official transparency dashboard and third-party platforms.