Part of Our USDT Insurance Fund Has Been Reallocated to USDe

February 07, 2024

This week, we have performed a small reallocation of our Insurance Fund, with some Tether balance exchanged for USDe, which will be held in our regular custody. You can find the exact amounts held in the Insurance Fund here. No changes have been made to the mechanics of allocation or drawdown of funds from the Insurance Fund. If you would like to know more about how the Insurance Fund operates you can read more either here and/or here. If you would like to know more about USDe, you can read more from Ethena Labs here.

The source of this news is from BitMEX