Haciyev Reşit 
Ethena’s risk committee has approved Binance’s native token BNB as the first new asset eligible to support USDe’s perpetual futures collateral. This move comes alongside the committee’s published official “Eligible Asset Framework.” The new framework sets quantitative thresholds and governance rules to expand asset support beyond ether and bitcoin.
Green Light for XRP and HYPE
The committee also announced that XRP and Hyperliquid’s HYPE token meet the initial eligibility criteria. It was noted that these assets could be added to the collateral basket following additional risk reviews and implementation procedures.
USDe’s Strategy
USDe is described as a “synthetic dollar” developed by Ethena, designed to provide stability by pairing dollar assets with delta-hedged crypto risk through perpetual futures.
With a circulating supply of $11.75 billion, USDe ranks as the third-largest stablecoin.
The new framework allows hedging operations to extend beyond ETH and BTC, covering large-cap tokens that meet liquidity and market structure requirements.
The committee emphasized that this expansion will be carried out without compromising risk controls.
BNB’s Growing Regional Role
The inclusion of BNB in USDe’s collateral options aligns with the token’s increasing influence, particularly in the Gulf region.
RAKBANK recently launched retail crypto trading on its mobile app, adding BNB among the first eight supported assets.
As of August 22, when the announcement was made, BNB was trading at $850—just 4% below its all-time high.
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